Lands' End Sees FY23 Revenue Of $1.50B - $1.55B Vs. $1.59B Est; EPS Of $(0.14) - $0.03 Vs. $(0.21) Est
Portfolio Pulse from Benzinga Newsdesk
Lands' End has projected its FY23 revenue to be between $1.50B and $1.55B, which is lower than the estimated $1.59B. The company also expects its EPS to range from $(0.14) to $0.03, better than the estimated $(0.21).
August 31, 2023 | 10:51 am
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NEUTRAL IMPACT
Lands' End's lower than expected revenue forecast for FY23 may negatively impact its stock price. However, the better than expected EPS could offset this.
The company's lower than expected revenue forecast could lead to a negative sentiment among investors, potentially driving the stock price down. However, the better than expected EPS forecast could mitigate this impact, as it indicates higher profitability per share. Therefore, the overall impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100