Nextracker Boosts FY24 Revenue Outlook From $2.1B-$2.3B To $2.2B- $2.4B (Consensus $2.21B), Adjusted EPS From $1.35-$1.55 To $1.45-$1.65 (Consensus $1.45)
Portfolio Pulse from Benzinga Newsdesk
Nextracker has increased its FY24 revenue outlook from $2.1B-$2.3B to $2.2B-$2.4B, with the consensus at $2.21B. The company also raised its adjusted EPS from $1.35-$1.55 to $1.45-$1.65, with the consensus at $1.45.
July 26, 2023 | 9:37 pm
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POSITIVE IMPACT
Nextracker's raised FY24 revenue and EPS outlook could potentially lead to a positive impact on its stock price.
Nextracker's raised FY24 revenue and EPS outlook indicates a positive financial performance, which could make the company more attractive to investors, potentially leading to an increase in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100