Regal Rexnord Sees FY23 Adj. EPS $10.20-$10.60 vs $10.63 Est.
Portfolio Pulse from Benzinga Newsdesk
Regal Rexnord has projected its FY23 adjusted EPS to be between $10.20 and $10.60, which is slightly below the estimated $10.63.
July 31, 2023 | 8:36 pm
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Regal Rexnord's FY23 adjusted EPS forecast is lower than the estimated $10.63, which could potentially impact the company's stock negatively.
Regal Rexnord's lower than expected earnings per share (EPS) forecast for FY23 could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100