FTI Consulting Revises FY23 Outlook: Revenue $3.33B-$3.40B From $3.33B-$3.47B Prior Vs. $3.36B Est., EPS $6.50-$7.20 From $6.80-$7.70 Prior Vs. $7.11 Est.
Portfolio Pulse from Benzinga Newsdesk
FTI Consulting has revised its FY23 outlook, with revenue now expected to be between $3.33B and $3.40B, down from the previous estimate of $3.33B to $3.47B. The EPS is now projected to be between $6.50 and $7.20, down from the previous estimate of $6.80 to $7.70.
July 27, 2023 | 11:43 am
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NEGATIVE IMPACT
FTI Consulting's revised FY23 outlook could potentially impact its stock price. The company has lowered its revenue and EPS estimates, which may not be received positively by investors.
FTI Consulting has lowered its FY23 revenue and EPS outlook. This revision could potentially lead to a negative reaction from the market as it indicates that the company's future performance might not meet previous expectations. This could result in a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100