Terex Raises FY23 Outlook, EPS From $5.60-$6 To ~$7.00 Vs $6.02 Est.; Revenue From $4.8B-$5B To ~$5.1B Vs $4.94B Est
Portfolio Pulse from Happy Mohamed
Terex Corporation has raised its FY23 outlook, with EPS now expected to be around $7.00, up from the previous range of $5.60-$6.00, and beating estimates of $6.02. The company also increased its revenue forecast from $4.8B-$5B to approximately $5.1B, surpassing estimates of $4.94B.
August 04, 2023 | 10:29 am
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POSITIVE IMPACT
Terex Corporation's raised FY23 outlook is likely to have a positive impact on its stock price in the short term.
Terex Corporation has raised its FY23 outlook, which is a positive signal to investors. This indicates that the company is expecting better financial performance than previously anticipated, which could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100