TopBuild Raises FY23 Sales Outlook To $5.025B-$5.175B (Prior View $4.7B-$4.9B) Vs. $4.91B Estimate
Portfolio Pulse from Benzinga Newsdesk
TopBuild has raised its FY23 sales outlook to $5.025B-$5.175B, up from the previous estimate of $4.7B-$4.9B. This is also higher than the market estimate of $4.91B. The company's adjusted EBITDA for 2023 is expected to be between $950M and $1B.
August 04, 2023 | 12:54 pm
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POSITIVE IMPACT
TopBuild's raised FY23 sales outlook, which surpasses previous and market estimates, could positively impact its stock price.
TopBuild's raised sales outlook for FY23 indicates strong future performance, which is likely to be viewed positively by investors. This could lead to increased demand for the company's stock, potentially driving up its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100