EMCOR Raises FY23 EPS Guidance, Sees EPS Of $10.75 To $11.25 (Prior View $9.25 To $10) Vs. $9.81 Estimate; It Reaffirmed Revenue Guidance Of $12B-$12.5B Vs. $12.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
EMCOR has raised its FY23 EPS guidance from $9.25-$10.00 to $10.75-$11.25, surpassing the $9.81 estimate. The company has reaffirmed its revenue guidance for the same period at $12B-$12.5B, in line with the $12.26B estimate.
July 27, 2023 | 11:37 am
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POSITIVE IMPACT
EMCOR's raised EPS guidance for FY23 indicates strong performance, potentially leading to a positive impact on its stock.
EMCOR's raised EPS guidance for FY23 indicates that the company is performing well and expects this to continue into the future. This positive outlook could lead to increased investor confidence and a potential rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100