Gibraltar Industries Reaffirms FY23 Sales Outlook, Of $1.36B-$1.41B (Consensus $1.37B); Raises Adj EPS Outlook To $3.90-$4.10 From $3.46-$3.66 (Consensus $3.63)
Portfolio Pulse from Benzinga Newsdesk
Gibraltar Industries has reaffirmed its FY23 sales outlook of $1.36B-$1.41B, in line with the consensus of $1.37B. The company has also raised its adjusted EPS outlook for FY23 to $3.90-$4.10 from $3.46-$3.66, beating the consensus of $3.63. The company expects to deliver growth, improved profitability, and better cash flow compared to last year.
August 04, 2023 | 11:03 am
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POSITIVE IMPACT
Gibraltar Industries' reaffirmed sales outlook and raised EPS guidance for FY23 is likely to have a positive impact on its stock.
Gibraltar Industries' reaffirmation of its sales outlook and the increase in its EPS guidance for FY23 indicates strong financial performance and growth prospects. This is likely to boost investor confidence and positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100