Sonoco Cuts FY23 Adjusted EPS Outlook From $5.70-$6.00 To $5.10-$5.40, Consensus $5.77
Portfolio Pulse from Benzinga Newsdesk
Sonoco has reduced its FY23 adjusted EPS outlook from $5.70-$6.00 to $5.10-$5.40, which is below the consensus estimate of $5.77.
July 31, 2023 | 10:03 pm
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NEGATIVE IMPACT
Sonoco's revised FY23 adjusted EPS outlook is lower than the previous estimate and below the consensus, which could negatively impact the stock.
Sonoco's revised FY23 adjusted EPS outlook is lower than the previous estimate and also below the consensus estimate. This could lead to a negative sentiment among investors, potentially causing a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100