Flowserve Raises FY23 Adj. EPS Guidance From $1.65-$1.85 To $1.85-$2.00 vs $1.82 Est., Raises Revenue Growth Guidance From 10-12% To 16-18%
Portfolio Pulse from Benzinga Newsdesk
Flowserve has increased its FY23 adjusted EPS guidance from $1.65-$1.85 to $1.85-$2.00, surpassing the estimated $1.82. The company also raised its revenue growth guidance from 10-12% to 16-18%.
August 04, 2023 | 10:22 am
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Flowserve's raised EPS and revenue growth guidance for FY23 is likely to positively impact its stock price in the short term.
Flowserve's raised EPS guidance for FY23, which surpasses the estimated $1.82, indicates a positive financial outlook for the company. This, along with the increased revenue growth guidance, is likely to boost investor confidence and positively impact the company's stock price in the short term.
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