PROG Holdings Revises FY23 Revenue Guidance To $2.36B-$2.39B Vs. Consensus Of $2.34B And Prior Guidance Of $2.3B-$2.37B, It Forecasts Adjusted EPS Of $3.10-$3.25 Vs. Consensus Of $2.67 And Prior Guidance Of $2.50-$2.77
Portfolio Pulse from Benzinga Newsdesk
PROG Holdings has revised its FY23 revenue guidance to $2.36B-$2.39B, up from the prior guidance of $2.3B-$2.37B. The new guidance exceeds the consensus of $2.34B. The company also forecasts an adjusted EPS of $3.10-$3.25, higher than the consensus of $2.67 and prior guidance of $2.50-$2.77.
July 26, 2023 | 11:15 am
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PROG Holdings has increased its FY23 revenue and EPS guidance, both of which are now above consensus estimates. This could indicate a positive outlook for the company's performance.
PROG Holdings has revised its FY23 revenue guidance upwards, which is now above the consensus estimate. This suggests that the company expects to perform better than previously anticipated. Similarly, the upward revision of the EPS guidance indicates that the company expects its profitability to improve. These factors could have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100