IQVIA Revises FY23 Revenue Guidance To $15.05B-$15.175B Vs. Consensus Of $15.26B And Prior Guidance Of $15.15B-$15.40B, It Forecasts Adjusted EPS Of $10.20-$10.45 Vs. Consensus Of $10.39 And Prior Guidance Of $10.26-$10.56
Portfolio Pulse from Benzinga Newsdesk
IQVIA has revised its FY23 revenue guidance to $15.05B-$15.175B, lower than the consensus of $15.26B and its prior guidance of $15.15B-$15.40B. The company also forecasts an adjusted EPS of $10.20-$10.45, slightly lower than the consensus of $10.39 and its prior guidance of $10.26-$10.56.
August 01, 2023 | 11:29 am
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NEGATIVE IMPACT
IQVIA has lowered its FY23 revenue and EPS guidance, which is below the consensus and its prior guidance. This could potentially impact the company's stock price.
IQVIA's revised guidance is lower than both the consensus and its prior estimates, which could be perceived negatively by the market. This could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100