Embecta Raises FY2023 Adj EPS Guidance from $2.50-2.60 to $2.75-2.80 vs $2.58 Est; Raises FY2023 Sales Guidance from $1.101B-1.113B to $1.107B-1.113B vs $1.11B Est
Portfolio Pulse from Benzinga Newsdesk
Embecta has raised its FY2023 adjusted EPS guidance from $2.50-2.60 to $2.75-2.80, and its sales guidance from $1.101B-1.113B to $1.107B-1.113B. The company also expects an increase in contract manufacturing, adjusted gross margin, adjusted operating margin, and adjusted EBITDA margin.
August 08, 2023 | 10:38 am
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POSITIVE IMPACT
Embecta's raised guidance for FY2023 indicates a positive outlook for the company's performance. This could potentially lead to an increase in the company's stock price.
Embecta's raised guidance for FY2023 suggests that the company expects to perform better than previously anticipated. This positive outlook could attract investors, potentially leading to an increase in demand for the company's stock and, consequently, a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100