Newell Brands Cuts FY23 Adj EPS Outlook From $0.80 - $0.90 To $0.72 - $0.77 Vs. $0.84 Est.
Portfolio Pulse from Benzinga Newsdesk
Newell Brands has reduced its FY23 adjusted EPS outlook from $0.80 - $0.90 to $0.72 - $0.77, which is lower than the estimated $0.84.
October 27, 2023 | 11:08 am
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NEGATIVE IMPACT
Newell Brands' reduced FY23 adjusted EPS outlook may negatively impact its stock price in the short term.
Newell Brands has lowered its FY23 adjusted EPS outlook, which is a key indicator of a company's profitability. This could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100