Regal Rexnord Sees FY23 Adj EPS $9.05-$9.25 Vs $10.13 Est.
Portfolio Pulse from Benzinga Newsdesk
Regal Rexnord has projected its FY23 adjusted EPS to be between $9.05 and $9.25, which is lower than the estimated $10.13.
November 01, 2023 | 9:36 pm
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Regal Rexnord's lower than expected FY23 adjusted EPS forecast may negatively impact its stock price.
Regal Rexnord's projected FY23 adjusted EPS is lower than the estimated $10.13. This lower than expected earnings forecast could lead to a decrease in investor confidence, potentially causing a drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100