Republic Services Raises FY23 Guidance EPS $5.33-$5.38 Vs $5.26 Est.; Revenue $14.775B-$14.85B Vs $14.9B Est.
Portfolio Pulse from Benzinga Newsdesk
Republic Services has raised its FY23 guidance, with EPS expected to be $5.33-$5.38, up from the estimated $5.26. Revenue is projected to be $14.775B-$14.85B, slightly lower than the estimated $14.9B. The company's financial guidance is based on current economic conditions and does not anticipate any significant changes in the overall economy in 2023.
July 31, 2023 | 8:33 pm
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Republic Services has raised its FY23 EPS guidance to $5.33-$5.38, up from the estimated $5.26. However, the projected revenue of $14.775B-$14.85B is slightly lower than the estimated $14.9B.
The raised EPS guidance indicates that Republic Services expects to perform better than previously estimated, which could positively impact the stock price. However, the slightly lower revenue projection might temper this positive impact.
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