Dover Expects FY23 Adjusted EPS Of $8.75-$8.85 (Prior $8.85-$9.00) Vs. Consensus Of $8.87; Sees Flat Revenue Growth (Prior 2%-4%)
Portfolio Pulse from Benzinga Newsdesk
Dover Corporation has revised its FY23 guidance, expecting an adjusted EPS of $8.75-$8.85, down from the previous estimate of $8.85-$9.00. The company also anticipates flat revenue growth, a downgrade from the prior 2%-4% growth projection.
October 24, 2023 | 10:41 am
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Dover's revised FY23 guidance, which includes a lower EPS estimate and flat revenue growth, could potentially impact the company's stock negatively in the short term.
Dover's downward revision of its FY23 EPS guidance and flat revenue growth expectation could be perceived negatively by investors, potentially leading to a decrease in the company's stock price in the short term.
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