Johnson Controls Updates FY23 Adj. EPS Outlook to $3.55 (From $3.50 - $3.60 Prior) Vs. $3.58 Estimate
Portfolio Pulse from Benzinga Newsdesk
Johnson Controls has updated its fiscal 2023 full year EPS guidance. The company now expects organic revenue growth to be in the high single digits, adjusted segment EBITA margin improvement of around 110 basis points, and adjusted EPS before special items of approximately $3.55, representing around 18% growth year-over-year. The previous EPS guidance was $3.50 to $3.60.
August 04, 2023 | 10:55 am
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Johnson Controls has revised its FY23 EPS guidance. The new guidance indicates a potential for higher earnings than previously expected, which could positively impact the stock price in the short term.
Johnson Controls has updated its FY23 EPS guidance, indicating a potential for higher earnings than previously expected. This news is highly relevant and important for JCI investors as earnings guidance is a key factor in stock price movements. The upward revision suggests a positive outlook for the company, which could lead to a rise in the stock price in the short term.
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