ICON Narrows FY23 Revenue Range From $7.94B-$8.34B To $8.07B-$8.21B, Consensus $8.14B
Portfolio Pulse from Benzinga Newsdesk
ICON has revised its FY23 revenue forecast from a range of $7.94B-$8.34B to a narrower range of $8.07B-$8.21B. The consensus estimate stands at $8.14B.
July 26, 2023 | 9:12 pm
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NEUTRAL IMPACT
ICON's revised FY23 revenue forecast aligns closely with the consensus estimate, indicating market expectations are being met.
ICON's revised revenue forecast is in line with the consensus estimate, suggesting that the company is on track to meet market expectations. This could maintain investor confidence, but it's unlikely to drive significant price movement in the short term as the revision is not a surprise to the market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100