Barnes Reiterates FY23 Adj. EPS Outlook $2.15 - $2.30 Vs. $2.25 Estimate
Portfolio Pulse from Benzinga Newsdesk
Barnes has reiterated its FY23 adjusted EPS outlook of $2.15 - $2.30, which is in line with the previous outlook and slightly below the $2.25 estimate. The company forecasts organic sales growth of 7% to 9% for 2023, with adjusted operating margin between 12.5% and 13.5%. The 2023 outlook excludes any impacts from the pending MB Aerospace acquisition.
July 28, 2023 | 10:35 am
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NEGATIVE IMPACT
Barnes' FY23 adjusted EPS outlook is slightly below the estimate, which may impact investor sentiment. The pending MB Aerospace acquisition is also a key factor to watch.
Barnes' FY23 adjusted EPS outlook is slightly below the estimate, which could lead to negative investor sentiment and potentially impact the stock price. The company's pending acquisition of MB Aerospace is also a significant factor that could influence the stock's performance, although it is excluded from the 2023 outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100