Crown Holdings Sees Q3 EPS $1.70-$1.80 Vs $1.81 Est.; FY23 EPS $6.10-$6.30 Vs $6.29 Est.
Portfolio Pulse from Happy Mohamed
Crown Holdings has updated its Q3 and FY23 EPS guidance. The company expects Q3 EPS to be between $1.70 and $1.80, compared to the estimated $1.81. For FY23, EPS is projected to be between $6.10 and $6.30, compared to the estimated $6.29. The company also expects improved operating results in global beverage and Transit Packaging, and affirms its previously issued guidance of adjusted EBITDA growth between 8% and 12% for 2023.
July 24, 2023 | 8:22 pm
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Crown Holdings has lowered its Q3 and FY23 EPS guidance, which may negatively impact investor sentiment and potentially lead to a short-term decrease in the company's stock price.
Crown Holdings' lower than expected EPS guidance for Q3 and FY23 indicates potential financial performance issues, which could negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100