Toro Company Cuts FY23 Adjusted EPS Guidance From $4.70-$4.80 To $4.05-$4.10; Est. $4.79
Portfolio Pulse from Benzinga Newsdesk
Toro Company has reduced its FY23 adjusted EPS guidance from $4.70-$4.80 to $4.05-$4.10, which is below the estimated $4.79.
September 07, 2023 | 12:36 pm
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NEGATIVE IMPACT
Toro Company's lowered FY23 adjusted EPS guidance may negatively impact its stock price in the short term.
Toro Company's revised EPS guidance is significantly lower than the previous guidance and the market estimate. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100