Vontier Corporation Sees FY23 Adjusted EPS Of $2.79-$2.87 (Prior View: $2.77-$2.87), Vs Consensus Of $2.86
Portfolio Pulse from Benzinga Newsdesk
Vontier Corporation has updated its FY23 adjusted EPS forecast to $2.79-$2.87, previously $2.77-$2.87, against a consensus of $2.86. The company expects total and core sales to decrease by low-to-mid-single digits.
August 04, 2023 | 12:53 pm
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NEUTRAL IMPACT
Vontier Corporation has revised its FY23 adjusted EPS upwards, which could be seen as a positive sign by investors. However, the forecasted decrease in sales might negatively impact the stock.
The upward revision of Vontier's FY23 adjusted EPS could be interpreted as a positive sign, indicating better-than-expected profitability. However, the forecasted decrease in sales could be a concern for investors, as it might indicate a potential slowdown in the company's growth. Therefore, the impact on the stock is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100