Dana Incorporated Expects FY23 Adjusted EPS Of $0.80 With Strike Through Oct.31; Sees FY23 Adjusted EPS Of $0.30 With Strike Through Dec. 31 Vs. $0.81 Estimate (Prior View: $0.65-$1.05)
Portfolio Pulse from Benzinga Newsdesk
Dana Incorporated has revised its FY23 adjusted EPS forecast to $0.80 if the ongoing strike ends by Oct. 31. However, if the strike continues through Dec. 31, the company expects its FY23 adjusted EPS to drop to $0.30, significantly lower than the previous estimate of $0.81. The prior view was $0.65-$1.05.
October 27, 2023 | 11:19 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Dana Incorporated's ongoing labor strike is expected to significantly impact its FY23 adjusted EPS. The company has revised its forecast to $0.80 if the strike ends by Oct. 31, and to $0.30 if it continues through Dec. 31.
The ongoing labor strike at Dana Incorporated is expected to have a significant impact on the company's earnings. If the strike continues through the end of the year, the company's FY23 adjusted EPS could be significantly lower than previously estimated. This could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100