Custom Truck One Source Sees FY23 Revenue $1.725B-$1.83B Vs $1.71B Est.
Portfolio Pulse from Happy Mohamed
Custom Truck One Source (CTOS) has projected its FY23 revenue to be between $1.725 billion and $1.83 billion, which is higher than the estimated $1.71 billion. The company's 2023 outlook includes revenues from ERS, TES, and APS segments.
August 08, 2023 | 8:31 pm
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CTOS has projected its FY23 revenue to surpass estimates, which could positively impact its stock price in the short term.
Companies that project higher future revenues than estimates often see a positive reaction in their stock price as this indicates potential growth. Therefore, CTOS's stock price could increase in the short term.
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IMPORTANCE 80
RELEVANCE 100