Enviri Raises FY23 Outlook: Adj. EPS $(0.09) - $(0.25) (From $(0.12) - $(0.33) Prior) Vs. $(0.17) Estimate; Adj. EBITDA to $270M - $285M From $260M - $275M Prior
Portfolio Pulse from Benzinga Newsdesk
Enviri has raised its FY23 outlook, with adjusted EPS now expected to be between $(0.09) and $(0.25), up from the previous estimate of $(0.12) to $(0.33). Adjusted EBITDA is also expected to increase to $270M - $285M from $260M - $275M. Other financial metrics such as GAAP operating income, free cash flow, and net interest expense have also been revised.
August 04, 2023 | 10:46 am
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Enviri's raised FY23 outlook could potentially impact NVRI's stock price. The improved financial metrics indicate a positive outlook for the company.
The raised outlook for Enviri indicates that the company is expecting improved financial performance in the future. This could potentially lead to an increase in NVRI's stock price as investors may interpret this as a positive sign of the company's future profitability.
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