Smith & Nephew Increased 2023 Underlying Revenue Growth Guidance To 6.0%-7.0%, Previously 5.0%-6.0%, Keeps Trading Profit Margin Guidance Unchanged Of At Least 17.5%.
Portfolio Pulse from Benzinga Newsdesk
Smith & Nephew has increased its 2023 underlying revenue growth guidance from 5.0%-6.0% to 6.0%-7.0%. The company's trading profit margin guidance remains unchanged at at least 17.5%.
August 04, 2023 | 12:39 pm
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POSITIVE IMPACT
Smith & Nephew's increased revenue growth guidance for 2023 could potentially lead to a positive impact on its stock price.
The increased revenue growth guidance indicates that the company expects higher revenues in the future, which could lead to increased profitability and potentially a higher stock price. The unchanged trading profit margin guidance suggests that the company is confident in its ability to maintain profitability levels.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100