Bunge Raises FY23 Adj. EPS Outlook to At least $11.75 (From $11.00 - $11.80 Prior) Vs. $11.68 Estimate
Portfolio Pulse from Benzinga Newsdesk
Bunge has raised its FY23 adjusted EPS outlook to at least $11.75, up from the previous range of $11.00 - $11.80, and above the $11.68 estimate. The company also expects a 2023 adjusted annual effective tax rate of 20% to 24%, net interest expense of $350 to $370 million, capital expenditures of $1.0 to $1.2 billion, and depreciation and amortization of approximately $415 million.

August 04, 2023 | 10:47 am
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Bunge's raised FY23 adjusted EPS outlook could lead to a positive market reaction.
Bunge's raised FY23 adjusted EPS outlook is above the estimated value, which could be seen as a positive signal by the market, potentially leading to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100