Advance Auto Parts Cuts FY23 EPS Outlook to $6.00 - $6.50 (From $10.2 - $11.20 Prior) Vs. $10.62 Estimate
Portfolio Pulse from Benzinga Newsdesk
Advance Auto Parts has reduced its FY23 EPS outlook from $10.2 - $11.2 to $6.00 - $6.50, significantly lower than the estimated $10.62.
May 31, 2023 | 10:37 am
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NEGATIVE IMPACT
Advance Auto Parts' lowered FY23 EPS outlook may negatively impact its stock price in the short term.
Advance Auto Parts has significantly reduced its FY23 EPS outlook, which is now well below the estimated $10.62. This negative news may lead to a decline in the stock price as investors adjust their expectations for the company's future earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100