Axalta Coating Systems Sees Q3 EPS $0.35-$0.40 Vs $0.42 Est.; FY23 EPS $1.40-$1.45 Vs $1.57 Est.
Portfolio Pulse from Happy Mohamed
Axalta Coating Systems has released its Q3 2023 and full year 2023 outlook. The company expects Q3 EPS to be between $0.35 and $0.40, lower than the estimated $0.42. For FY23, the EPS is projected to be between $1.40 and $1.45, also lower than the estimated $1.57. Net sales growth is expected to be 3-5% for Q3 and 6-8% for the full year.
August 04, 2023 | 10:27 am
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NEGATIVE IMPACT
Axalta Coating Systems' lower than expected EPS for Q3 and FY23 may negatively impact its stock price in the short term.
The company's earnings per share (EPS) is a key indicator of its profitability. Lower than expected EPS often leads to a decrease in the company's stock price as it indicates that the company may not be performing as well as investors expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100