FTI Consulting Revised FY23 Outlook: Revenue $3.33B-$3.40B From $3.33B-$3.47B Vs. $3.36B Est., EPS $6.50-$7.20 From $6.80-$7.70 Vs. $7.11 Est.
Portfolio Pulse from Benzinga Newsdesk
FTI Consulting has revised its FY23 outlook, lowering its revenue and EPS estimates. The new revenue forecast is $3.33B-$3.40B, down from $3.33B-$3.47B, and below the estimated $3.36B. The EPS is now expected to be $6.50-$7.20, down from $6.80-$7.70, and below the estimated $7.11.
July 27, 2023 | 11:37 am
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NEGATIVE IMPACT
FTI Consulting has lowered its FY23 revenue and EPS forecasts, both of which are now below estimates. This could negatively impact the company's stock price in the short term.
FTI Consulting's revised FY23 outlook is lower than previously expected and below estimates. This suggests that the company may not perform as well as anticipated, which could lead to a decrease in its stock price. The news is highly relevant as it directly pertains to FTI's financial performance and could be important for investors considering the potential impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100