Hubbell Inc Expects FY23 Adj EPS of $15.00-$15.25 (Prior $14.75-$15.25) Vs. $15.27 Est, 8% Sales Growth YoY Vs. $5.37B Est, Organic Net Sales Growth 7% YoY
Portfolio Pulse from Benzinga Newsdesk
Hubbell Inc has updated its FY23 guidance, expecting adjusted EPS of $15.00-$15.25, compared to the previous range of $14.75-$15.25. The company also anticipates an 8% YoY sales growth, with organic net sales growth of 7%. The company expects net M&A to contribute +1% to full year sales growth.
October 31, 2023 | 11:37 am
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Hubbell Inc has revised its FY23 guidance upwards, which could positively impact the company's stock. The company expects an 8% YoY sales growth and a 7% organic net sales growth.
Hubbell's upward revision of its FY23 guidance indicates a positive outlook for the company's performance. This could lead to increased investor confidence and a potential rise in the company's stock price.
CONFIDENCE 90
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RELEVANCE 100