Enpro Sees FY23 Adjusted EBITDA And Adjusted EPS To Be Toward The Lower End Of Previous Guidance Of $248M-$256M And $6.70-$7.10 (Consensus Of $6.93), Respectively
Portfolio Pulse from Benzinga Newsdesk
Enpro has revised its FY23 guidance, expecting adjusted EBITDA and adjusted EPS to be toward the lower end of its previous guidance of $248M-$256M and $6.70-$7.10, respectively. The consensus was $6.93.
October 31, 2023 | 10:57 am
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Enpro's downward revision of its FY23 guidance may negatively impact its stock price in the short term.
Companies' stock prices are often influenced by their earnings guidance. Enpro's announcement that its FY23 adjusted EBITDA and EPS are expected to be at the lower end of its previous guidance may lead investors to adjust their expectations downwards, potentially leading to a decrease in the stock price.
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