Acushnet Expects FY23 Consolidated Nets Sales Of $2.350B-$2.400B (Prior View: $2.325B-$2.375B), Vs consensus $2.37B
Portfolio Pulse from Benzinga Newsdesk
Acushnet has revised its FY23 consolidated net sales forecast to $2.350B-$2.400B, up from the previous estimate of $2.325B-$2.375B. The company also expects its full-year 2023 Adjusted EBITDA to be approximately $355 to $375 million, compared to the earlier forecast of $345 to $365 million.
August 04, 2023 | 12:50 pm
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POSITIVE IMPACT
Acushnet's upward revision of its FY23 net sales and Adjusted EBITDA forecasts could potentially have a positive impact on its stock price in the short term.
Companies often see their stock prices increase when they raise their financial forecasts, as this suggests they are performing better than previously expected. In this case, Acushnet's upward revision of its FY23 net sales and Adjusted EBITDA forecasts could be seen as a positive sign by investors, potentially leading to an increase in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100