Acadia Healthcare Boosts FY23 Revenue Outlook From $2.82B-$2.88B To $2.86B-$2.90B (Est. $2.86B), Adjusted EPS From $3.10-$3.40 To $3.25- $3.50 (Est. $3.30)
Portfolio Pulse from Benzinga Newsdesk
Acadia Healthcare has increased its FY23 revenue outlook from $2.82B-$2.88B to $2.86B-$2.90B, with an adjusted EPS from $3.10-$3.40 to $3.25-$3.50. The estimates were $2.86B and $3.30 respectively.
July 27, 2023 | 8:34 pm
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POSITIVE IMPACT
Acadia Healthcare has raised its FY23 revenue and EPS outlook, which is likely to positively impact its stock price.
Companies that raise their earnings outlook typically see a positive reaction in their stock price as it indicates better than expected performance. This increased outlook from Acadia Healthcare is likely to be viewed positively by investors, leading to a potential increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100