TELUS Cuts 2023 Outlook Reflecting TELUS International's Revised Outlook
Portfolio Pulse from Lekha Gupta
TELUS Corp (NYSE:TU) has revised its 2023 outlook, reducing its operating revenue growth to 9.5%-11.5% and adjusted EBITDA growth to 7%-8%. This follows a revised 2023 outlook for TELUS International (Cda) Inc (NYSE:TIXT), which expects Q2 revenue of $660 million-$668 million, a Y/Y decline of 1%, and adjusted EBITDA of $117 million-$120 million. TIXT's 2023 outlook projects revenue of $2.700 billion-$2.730 billion, adjusted EBITDA of $575 million-$600 million, and adjusted EPS of $0.90-$0.97.
July 14, 2023 | 10:54 am
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NEGATIVE IMPACT
TELUS International has revised its 2023 outlook and expects a Y/Y decline in Q2 revenue, which could negatively impact the stock.
The revised outlook and expected decline in Q2 revenue could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TELUS Corp has revised its 2023 outlook downwards, which could negatively impact investor sentiment.
The revised outlook indicates lower than previously expected growth, which could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100