Crown Holdings Sees Q4 2023 Adj. EPS $1.40-$1.50 Vs $1.58 Est; Sees FY23 Adj. EPS $6.00-$6.10 Vs $6.20 Est
Portfolio Pulse from Benzinga Newsdesk
Crown Holdings has projected its Q4 2023 adjusted EPS to be between $1.40 and $1.50, lower than the estimated $1.58. The company also expects its FY23 adjusted EPS to be between $6.00 and $6.10, lower than the estimated $6.20.
October 23, 2023 | 8:09 pm
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NEGATIVE IMPACT
Crown Holdings' lower than expected earnings forecast for Q4 2023 and FY23 may negatively impact its stock price.
Earnings forecasts are a significant factor in a company's stock price. If a company forecasts lower earnings than expected, it can lead to a decrease in the stock price as investors may perceive this as a sign of potential financial instability or decreased profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100