Wabash National Raised FY23 EPS Guidance To $4.25 to $4.65 From $4.00-$4.50 Vs. $4.13 Est., Lowered Revenue Outlook To $2.6B to $2.8B From $2.8B to $3.0B Vs. $2.8B Est.
Portfolio Pulse from Benzinga Newsdesk
Wabash National has increased its FY23 EPS guidance to $4.25-$4.65 from $4.00-$4.50, which is higher than the estimated $4.13. However, the company has lowered its revenue outlook to $2.6B-$2.8B from $2.8B-$3.0B, which is lower than the estimated $2.8B.
July 26, 2023 | 10:58 am
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Wabash National's raised EPS guidance could boost investor confidence, potentially driving the stock price up. However, the lowered revenue outlook might offset this positive impact.
The raised EPS guidance indicates that Wabash National is expecting higher profitability, which could make the stock more attractive to investors. However, the lowered revenue outlook suggests that the company is expecting lower sales, which could negatively impact the stock price. The net effect on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100