Gildan Activewear Sees FY23 Adj EPS Of $2.55 - $2.65 Vs. $2.69 Est.
Portfolio Pulse from Benzinga Newsdesk
Gildan Activewear has projected its FY23 adjusted EPS to be between $2.55 and $2.65, which is lower than the estimated $2.69.
August 04, 2023 | 12:56 pm
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NEGATIVE IMPACT
Gildan Activewear's lower than expected FY23 adjusted EPS forecast may negatively impact its stock price.
Earnings per share (EPS) is a key indicator of a company's profitability. A lower than expected EPS forecast often leads to a decrease in the company's stock price as it indicates that the company may not perform as well as investors expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100