NVent Electric Expects FY23 Adjusted EPS Of $2.85-$2.91, Compared With Prior Guidance Of $2.65-$2.73, Vs. $2.82 Consensus
Portfolio Pulse from Benzinga Newsdesk
NVent Electric Plc (NYSE:NVT) has revised its FY23 guidance, now expecting an adjusted EPS of $2.85-$2.91, up from the previous guidance of $2.65-$2.73. The company also anticipates a reported sales growth of 13%-15%, a significant increase from the prior guidance of 4% to 6%.
July 28, 2023 | 10:41 am
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NVent Electric has increased its FY23 guidance, which could lead to increased investor confidence and potentially a rise in the stock price.
NVent Electric has raised its FY23 guidance, indicating that the company expects better financial performance than previously anticipated. This could increase investor confidence in the company's future performance, potentially leading to increased demand for the stock and a rise in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100