SunOpta Cuts FY23 Revenue Outlook From $1.00B-$1.05B To $880M-$900M; Consensus $1.02B
Portfolio Pulse from Benzinga Newsdesk
SunOpta has reduced its FY23 revenue outlook from $1.00B-$1.05B to $880M-$900M, which is below the consensus estimate of $1.02B.
August 09, 2023 | 9:10 pm
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NEGATIVE IMPACT
SunOpta's lowered revenue outlook for FY23 is likely to negatively impact its stock price in the short term.
SunOpta's revised revenue outlook is significantly lower than the previous estimate and the consensus, which could lead to a negative market reaction and a potential decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100