Elanco Raises FY23 Revenue Guidance To $4.35B-$4.41B Vs. Consensus Of $4.35B And Prior Guidance Of $4.31B-$4.4B, It Forecasts Adjusted EPS Of $0.80-$0.89 Vs. Consensus Of $0.80 And Prior Guidance Of $0.76-$0.83
Portfolio Pulse from Benzinga Newsdesk
Elanco has raised its FY23 revenue guidance to $4.35B-$4.41B, up from the previous guidance of $4.31B-$4.4B. The company also forecasts an adjusted EPS of $0.80-$0.89, higher than the prior guidance of $0.76-$0.83.
August 07, 2023 | 10:37 am
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POSITIVE IMPACT
Elanco's raised FY23 revenue guidance and higher forecasted EPS could potentially lead to a positive impact on its stock price.
Companies that raise their revenue guidance and forecast higher earnings per share (EPS) often see a positive reaction in their stock price as this indicates better than expected financial performance. Therefore, Elanco's announcement could potentially lead to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100