Avantax Tightens FY23 Revenue Outlook From $750M-$758M To $753M-$756M, Consensus $755.33M; Sees Adj EPS $1.22-$1.30
Portfolio Pulse from Benzinga Newsdesk
Avantax has revised its FY23 revenue outlook from a range of $750M-$758M to a narrower range of $753M-$756M. The consensus estimate stands at $755.33M. The company also projects an adjusted EPS of $1.22-$1.30.
August 09, 2023 | 8:45 pm
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NEUTRAL IMPACT
Avantax's revised FY23 revenue outlook is in line with consensus estimates, which could stabilize the stock price. The projected adjusted EPS of $1.22-$1.30 may also influence investor sentiment.
Avantax's revised revenue outlook is close to the consensus estimate, which could mean that the market has already priced in this information. Therefore, the impact on the stock price could be neutral in the short term. However, the projected adjusted EPS could influence investor sentiment and should be monitored closely.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100