Howmet Aerospace Raises FY2023 Adj EPS Guidance from $1.65-1.70 to $1.69-1.71 vs $1.71 Est; Raises FY2023 Sales Guidance from $6.20B-6.33B to $6.40B-6.47B vs $6.38B Est
Portfolio Pulse from Benzinga Newsdesk
Howmet Aerospace has raised its FY2023 adjusted EPS guidance from $1.65-1.70 to $1.69-1.71, slightly below the estimated $1.71. The company also increased its FY2023 sales guidance from $6.20B-6.33B to $6.40B-6.47B, which is above the estimated $6.38B.
August 01, 2023 | 11:16 am
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POSITIVE IMPACT
Howmet Aerospace's raised FY2023 guidance, although slightly below EPS estimates, is likely to have a positive impact due to increased sales guidance.
Howmet Aerospace's raised FY2023 guidance indicates a positive outlook for the company's performance. While the EPS guidance is slightly below estimates, the increased sales guidance, which is above estimates, is likely to have a positive impact on investor sentiment and potentially the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100