The Ensign Group Raises FY23 EPS From $4.70-$4.78 To $4.73-$4.79; Revenue From $3.69B-$3.73B To $3.72B-$3.73B Vs $3.71B Est.
Portfolio Pulse from Benzinga Newsdesk
The Ensign Group has increased its FY23 EPS forecast from $4.70-$4.78 to $4.73-$4.79. The company also raised its revenue projection from $3.69B-$3.73B to $3.72B-$3.73B, compared to the estimated $3.71B.
October 25, 2023 | 8:42 pm
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POSITIVE IMPACT
The Ensign Group's raised FY23 EPS and revenue forecasts could potentially lead to a positive impact on its stock price in the short term.
The Ensign Group's raised FY23 EPS and revenue forecasts indicate a positive financial outlook for the company. This could potentially attract investors, leading to an increase in demand for the company's stock and subsequently, a rise in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100