AMETEK Sees FY23 Adjusted EPS of $6.18-$6.26, Vs. Consensus Of $6.11 (Prior View: $5.96 to $6.10)
Portfolio Pulse from Benzinga Newsdesk
AMETEK, Inc. has revised its FY23 adjusted EPS forecast to $6.18-$6.26, up from the previous estimate of $5.96 to $6.10, and above the consensus of $6.11. The company also expects a 9% to 10% increase over the comparable basis for 2022 and anticipates Q3 sales to rise by mid-single digits on a percentage basis year-on-year.
August 01, 2023 | 11:05 am
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AMETEK's upward revision of its FY23 adjusted EPS forecast and expected increase in Q3 sales could potentially boost investor confidence and positively impact the company's stock price in the short term.
The upward revision of AMETEK's FY23 adjusted EPS forecast indicates the company's strong financial performance and growth prospects. This, coupled with the expected increase in Q3 sales, could potentially boost investor confidence and lead to an increase in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100