Howard Hughes Expects 2023 MPC EBT To Be Flat To Down 10% Y/Y (Prior View Decline 25%-35%)
Portfolio Pulse from Benzinga Newsdesk
Howard Hughes Corporation (HHC) has revised its 2023 Master Planned Communities (MPC) Earnings Before Tax (EBT) forecast, now expecting it to be flat to down 10% year-over-year. This is an improvement from the previous forecast of a 25%-35% decline.
August 08, 2023 | 8:36 pm
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POSITIVE IMPACT
Howard Hughes Corporation's improved forecast for 2023 MPC EBT could potentially boost investor confidence and have a positive impact on its stock price in the short term.
The company's improved forecast indicates better-than-expected performance for 2023, which could lead to increased investor confidence and demand for the stock, potentially driving up its price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100