NorthWestern For FY23 Sees Non-GAAP EPS Of $3.00-$3.10 Vs. Consensus Of $3.42; And For FY24 Expects EPS Of $3.42-$3.62
Portfolio Pulse from Benzinga Newsdesk
NorthWestern Corporation has provided its financial guidance for FY23 and FY24. The company expects non-GAAP EPS for FY23 to be between $3.00-$3.10, which is below the consensus of $3.42. For FY24, the EPS is expected to be between $3.42-$3.62. The guidance is based on several assumptions including approval of the Montana general rate review settlement agreement, constructive outcomes in South Dakota rate review, normal weather, and an effective income tax rate of 4%-5% for 2023 and 12%-14% for 2024. The company also increased its long-term EPS growth guidance to 4%-6% from a 2022 base year.
October 27, 2023 | 6:41 am
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NorthWestern Corporation's FY23 non-GAAP EPS guidance is below the consensus, which could negatively impact the stock. However, the company's increased long-term EPS growth guidance could be seen as a positive signal by investors.
The company's FY23 non-GAAP EPS guidance is below the consensus, which could lead to a negative reaction from the market. However, the increased long-term EPS growth guidance could be seen as a positive signal by investors, potentially offsetting some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100