Silgan Cuts FY23 Adj EPS Outlook From $3.95 - $4.15 To $3.40 - $3.60 Vs. $3.98 Est.
Portfolio Pulse from Benzinga Newsdesk
Silgan Holdings Inc. has revised its FY23 adjusted EPS outlook downwards from $3.95 - $4.15 to $3.40 - $3.60, which is below the estimated $3.98.
July 26, 2023 | 10:59 am
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Silgan Holdings' downward revision of its FY23 adjusted EPS outlook may negatively impact its stock price in the short term.
Companies' earnings outlooks are closely watched by investors as they provide a glimpse into the companies' future profitability. A downward revision, especially one that falls below estimates, often leads to a negative market reaction as it signals potential future earnings weakness.
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