Dynatrace Raises FY23 Outlook: Adj. EPS $1.03 - $1.06 (From $0.98 - $1.02 Prior) Vs. $1.00 Estimate; Revenue $1.475B - $1.490B (Unchanged From Prior) Vs. $1.40B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dynatrace has raised its FY23 outlook, with adjusted EPS now expected to be between $1.03 and $1.06, up from the previous estimate of $0.98 to $1.02. This is higher than the $1.00 estimate. The company's revenue guidance remains unchanged at $1.475B to $1.490B, which is higher than the $1.40B estimate.
August 04, 2023 | 10:52 am
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POSITIVE IMPACT
Dynatrace's raised FY23 outlook, with higher than expected EPS and revenue guidance, is likely to have a positive impact on its stock price in the short term.
Companies that raise their earnings and revenue guidance typically see a positive reaction in their stock price as this indicates better than expected performance. In this case, Dynatrace's raised EPS and revenue guidance for FY23 is likely to be viewed positively by investors, leading to potential upward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100