Insperity Lowers FY23 Guidance, Now Expects Adj EPS Of $4.35-$5.32 (Prior View $5.62-$6.39) Vs. $5.97 Consensus; Sees 3Q23 Adj EPS Of $0.69-$1.14 Vs. $1.11 Consensus
Portfolio Pulse from Benzinga Newsdesk
Insperity has lowered its FY23 guidance, now expecting an adjusted EPS of $4.35-$5.32, down from the previous estimate of $5.62-$6.39. This is also lower than the consensus estimate of $5.97. The company also expects a 3Q23 adjusted EPS of $0.69-$1.14, compared to the consensus estimate of $1.11.
August 01, 2023 | 12:41 pm
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Insperity's lowered FY23 guidance, which is below consensus estimates, could negatively impact its stock price in the short term.
Insperity's lowered guidance for FY23 is significantly below the consensus estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
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