Integer Holdings Reaffirms FY23 Sales Outlook Of $1.575B to $1.595B Vs. Consensus $1.54B; Lowered Adj. EPS To $2.66-$2.86 From $4.47-$4.67 Vs. Consensus $4.36
Portfolio Pulse from Benzinga Newsdesk
Integer Holdings has reaffirmed its FY23 sales outlook of $1.575B to $1.595B, which is higher than the consensus of $1.54B. However, the company has lowered its adjusted EPS to $2.66-$2.86 from $4.47-$4.67, which is below the consensus of $4.36.
October 26, 2023 | 12:07 pm
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Integer Holdings has reaffirmed its FY23 sales outlook, which is above consensus, but lowered its adjusted EPS, which is now below consensus.
The reaffirmation of sales outlook above consensus is a positive signal, indicating that the company is confident about its revenue generation. However, the lowering of the adjusted EPS below consensus is a negative signal, indicating potential profitability issues. These two factors could balance each other out, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100