HireRight Cuts FY23 Adj. EPS Guidance From $1.30-$1.43 To $1.05-$1.10 vs $1.32 Est., Narrows Revenue Guidance From $720M-$745M To $720M-$735M vs $728.04M Est.
Portfolio Pulse from Benzinga Newsdesk
HireRight has reduced its FY23 adjusted EPS guidance from $1.30-$1.43 to $1.05-$1.10, which is below the estimated $1.32. The company also narrowed its revenue guidance from $720M-$745M to $720M-$735M, compared to the estimated $728.04M.
August 08, 2023 | 9:40 pm
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NEGATIVE IMPACT
HireRight's lowered EPS and revenue guidance for FY23 may negatively impact its stock price in the short term.
HireRight's lowered EPS and revenue guidance for FY23 indicates potential financial performance below market expectations. This could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100