FMC Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
FMC Corporation is expected to release its Q3 financial results on Oct. 30, 2023. Analysts predict a decrease in earnings per share and revenue compared to the previous year. The company has also revised its Q3 and FY23 outlook downwards. FMC shares gained 0.8% to close at $56.88 on Friday. Several analysts have recently revised their ratings and price targets for FMC, with most downgrading the stock or maintaining a neutral stance.
October 30, 2023 | 2:18 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
FMC Corporation is expected to report lower Q3 earnings and revenue. The company has also revised its outlook downwards. Despite this, shares gained 0.8% recently. Analysts have mostly downgraded the stock or maintained a neutral stance.
The expected decrease in earnings and revenue, along with the downward revision of the company's outlook, could negatively impact the stock price in the short term. However, the recent gain in shares indicates some investor confidence. The analysts' ratings and price target revisions reflect a cautious outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100