Brunswick Cuts FY23 Net Sales Outlook To $6.45B to $6.5B From $6.7B-$6.8B (Consensus $6.65B); Adjusted EPS To $9.00 From $9.50 (Consensus $9.30)
Portfolio Pulse from Benzinga Newsdesk
Brunswick Corporation has revised its FY23 net sales outlook downwards to $6.45B-$6.5B from the previous $6.7B-$6.8B, which is below the consensus estimate of $6.65B. The company also lowered its adjusted EPS forecast to $9.00 from $9.50, against the consensus estimate of $9.30.
October 26, 2023 | 10:14 am
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Brunswick Corporation has lowered its FY23 net sales and adjusted EPS forecasts, both of which are below consensus estimates. This could negatively impact the company's stock price in the short term.
Brunswick Corporation's downward revision of its FY23 net sales and adjusted EPS forecasts, both of which are below consensus estimates, could lead to a negative sentiment among investors. This could result in a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100