Travel+Leisure Expects Q4 Adjusted EBITDA Of $233M-$248M; Forecasts Q4 Adjusted EPS Of $1.32-$1.46 Vs. Estimate Of $1.54; Lowers FY23 Adjusted EBITDA Outlook To $900M-$915M (Prior View: $925M-$945M)
Portfolio Pulse from Benzinga Newsdesk
Travel+Leisure has lowered its FY23 Adjusted EBITDA outlook to $900M-$915M from the previous estimate of $925M-$945M. The company also expects Q4 Adjusted EBITDA of $233M-$248M and forecasts Q4 Adjusted EPS of $1.32-$1.46, which is lower than the estimate of $1.54.
October 25, 2023 | 10:39 am
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NEGATIVE IMPACT
Travel+Leisure has lowered its FY23 Adjusted EBITDA outlook, which could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price.
Travel+Leisure's lowered FY23 Adjusted EBITDA outlook indicates potential financial challenges, which could negatively impact investor sentiment and lead to a decrease in the company's stock price. The lower than expected Q4 Adjusted EPS forecast could also contribute to this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100