Frontdoor FY23 Revenue $1.765B-$1.775B Vs $1.75B Est
Portfolio Pulse from Benzinga Newsdesk
Frontdoor has raised its full-year 2023 outlook, increasing its revenue range to $1.765 billion to $1.775 billion, gross profit margin range to 48.0% to 49.5%, and Adjusted EBITDA range to $320 million to $330 million. The company also increased its 2023 share repurchase outlook to $125 million.
November 01, 2023 | 12:27 pm
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Frontdoor's raised FY23 outlook, including increased revenue, gross profit margin, Adjusted EBITDA, and share repurchase outlook, is likely to positively impact its stock price in the short term.
Frontdoor's raised outlook for FY23, including increased revenue, gross profit margin, and Adjusted EBITDA, indicates strong financial performance and growth prospects. The increased share repurchase outlook also signals the company's confidence in its stock, which could boost investor sentiment and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100