Emerson Sees 2023 Net Sales Growth Of ~10.5% (Prior 9%-10.5%) Adjusted EPS $4.40-$4.45 (Prior $4.15-$4.25), Est $4.21
Portfolio Pulse from Benzinga Newsdesk
Emerson has revised its 2023 net sales growth forecast to approximately 10.5%, up from the previous estimate of 9%-10.5%. The company also increased its adjusted EPS guidance to $4.40-$4.45, up from the prior $4.15-$4.25, beating the estimated $4.21.
August 04, 2023 | 10:58 am
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POSITIVE IMPACT
Emerson's upward revision of its 2023 net sales growth and adjusted EPS guidance is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
Emerson's revised guidance indicates stronger than expected performance, which is typically a positive signal to investors. This could increase demand for the stock, driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100