Flowserve Raises 2023 Adj. EPS Guidance Range From $1.85-$2.00 To $1.95-$2.05 vs $1.99 Est.; Raises Revenue Growth Guidance From 16-18% To 18-19%
Portfolio Pulse from Benzinga Newsdesk
Flowserve has increased its 2023 adjusted EPS guidance range from $1.85-$2.00 to $1.95-$2.05, compared to the estimated $1.99. The company also raised its revenue growth guidance from 16-18% to 18-19%.
October 25, 2023 | 8:38 pm
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POSITIVE IMPACT
Flowserve's raised EPS and revenue growth guidance for 2023 may lead to increased investor confidence and potential stock price rise.
Flowserve's raised guidance indicates the company's confidence in its future performance. This positive outlook may attract investors, potentially leading to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100