Ensign Raises FY23 From $4.64-$4.77 To $4.70-$4.78 vs $4.71 Est.
Portfolio Pulse from Bill Haddad
Ensign Group Inc. has raised its fiscal year 2023 earnings per share (EPS) guidance from $4.64-$4.77 to $4.70-$4.78, which is slightly above the estimated $4.71.
July 27, 2023 | 8:17 pm
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POSITIVE IMPACT
Ensign Group's raised FY23 EPS guidance could potentially lead to a positive market reaction, as it is above the estimated $4.71.
Companies that raise their earnings guidance typically see a positive reaction in their stock price, as it indicates better-than-expected future performance. In this case, Ensign Group's new guidance is slightly above the market's estimate, which could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100