JBT Expects Q3 Revenue $410M-$425M (Consensus $474.86M), Adjusted EPS $0.90-$1.05 (Consensus $1.11)
Portfolio Pulse from Benzinga Newsdesk
JBT Corporation has projected its Q3 revenue to be between $410M-$425M, which is below the consensus estimate of $474.86M. The company also expects its adjusted EPS to be between $0.90-$1.05, lower than the consensus estimate of $1.11.
August 04, 2023 | 10:32 am
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JBT Corporation's lower than expected Q3 revenue and adjusted EPS projections may negatively impact its stock price.
JBT Corporation's projected Q3 revenue and adjusted EPS are lower than 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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