The Shyft Group Expects FY23 Sales of $850M-$900M (Prior $850M-$950M) Vs. $888.63M Est, Adj EPS of $0.42-$0.56 (Prior $0.33-$0.76) Vs. $0.43 Est
Portfolio Pulse from Benzinga Newsdesk
The Shyft Group has revised its FY23 outlook to the lower end of the range due to end-market challenges and operational inefficiencies. The company now expects sales of $850M-$900M, adjusted EBITDA of $40M-$45M, net income of $4M-$9M, and adjusted EPS of $0.42-$0.56.
October 26, 2023 | 11:35 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The Shyft Group has lowered its FY23 outlook, which may negatively impact investor sentiment and potentially lead to a short-term decrease in the company's stock price.
The Shyft Group's revised FY23 outlook is lower than previously expected, indicating potential challenges in the company's operations and end-market. This could negatively impact investor sentiment and lead to a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100