WESCO International Sees FY23 EPS $15.00-$16.00, Vs Consensus Of $15.77
Portfolio Pulse from Benzinga Newsdesk
WESCO International has updated its FY23 EPS forecast to $15.00-$16.00, compared to the consensus of $15.77. The company also revised its net sales growth prediction to 5%-7% from the previous 6%-9%, mainly due to market weakness in certain sectors of the Electrical and Electronic Solutions business unit.
August 04, 2023 | 12:47 pm
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WESCO International's revised FY23 EPS and net sales growth forecasts could potentially impact its stock price. The lower sales growth prediction, driven by market weakness in certain sectors, might be a concern for investors.
WESCO's revised EPS forecast is within the consensus range, which might not significantly impact the stock price. However, the lowered sales growth prediction, attributed to market weakness in certain sectors, could negatively affect investor sentiment and potentially lead to a decrease in the stock price.
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IMPORTANCE 80
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