Marriott Vacations Worldwide Cuts FY23 Adjusted EPS Forecast From $11.05-$11.85 To $9.76-$10.22
Portfolio Pulse from Benzinga Newsdesk
Marriott Vacations Worldwide has reduced its FY23 adjusted EPS forecast from $11.05-$11.85 to $9.76-$10.22.
August 04, 2023 | 12:29 pm
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Marriott Vacations Worldwide's downward revision of its FY23 adjusted EPS forecast could negatively impact its stock price.
Companies' earnings forecasts are closely watched by investors as they provide a glimpse into the company's future profitability. A downward revision, as in the case of Marriott Vacations Worldwide, often leads to a negative sentiment among investors, which could put downward pressure on the stock price.
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