Brunswick Cuts FY23 Net Sales Outlook From $6.8B-$7.2B To $6.7B-$6.8B (Consensus $6.86B); Adjusted EPS Of $9.50 (Consensus $9.84)
Portfolio Pulse from Benzinga Newsdesk
Brunswick Corporation has reduced its FY23 net sales outlook from $6.8B-$7.2B to $6.7B-$6.8B, which is below the consensus estimate of $6.86B. The company also expects an adjusted EPS of $9.50, lower than the consensus estimate of $9.84.
July 27, 2023 | 10:21 am
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NEGATIVE IMPACT
Brunswick Corporation has lowered its FY23 net sales and EPS outlook, both of which are below consensus estimates. This could negatively impact the company's stock price in the short term.
Brunswick Corporation's lowered FY23 net sales and EPS outlook, which are below consensus estimates, indicate potential financial underperformance. This could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100