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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POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100