TransUnion Lowered FY23 Guidance; Revenue To $3.794B-$3.809B (From $3.825B-$3.885B) Vs. Consensus $3.87B, Adj. EPS To $3.24-$3.28 (From $3.49-$3.62) Vs. Consensus $3.57
Portfolio Pulse from Benzinga Newsdesk
TransUnion has revised its FY23 guidance downwards due to slowing volumes in the U.S. and U.K. The company now expects revenue to be between $3.794B and $3.809B, down from the previous estimate of $3.825B-$3.885B. Adjusted EPS is also expected to be lower at $3.24-$3.28, down from $3.49-$3.62.
October 24, 2023 | 10:45 am
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NEGATIVE IMPACT
TransUnion's stock may be negatively impacted in the short term due to the lowered FY23 guidance. The revised figures are below the consensus estimates, indicating a potential slowdown in the company's growth.
TransUnion's lowered guidance for FY23 indicates a potential slowdown in the company's growth, which is likely to negatively impact investor sentiment and could lead to a short-term decline in the stock price. The revised figures are also below the consensus estimates, further adding to the potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100