Enviri Revised FY23 Outlook: Adj. EPS $(0.08) - $(0.17) From $(0.09) - $(0.25) Vs. $(0.18) Estimate; Adj. EBITDA to $282M - $289M From $270M - $285M
Portfolio Pulse from Benzinga Newsdesk
Enviri has revised its FY23 outlook, adjusting its EPS to range between $(0.08) and $(0.17) from the previous $(0.09) to $(0.25). This is compared to the $(0.18) estimate. The company also adjusted its EBITDA to $282M - $289M from $270M - $285M.
November 02, 2023 | 11:11 am
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POSITIVE IMPACT
Enviri's revised FY23 outlook, which shows an improvement in both EPS and EBITDA, could potentially have a positive impact on NVRI's stock price in the short term.
Enviri's revised FY23 outlook shows an improvement in both EPS and EBITDA, which are key indicators of a company's profitability. This positive financial update could potentially lead to an increase in investor confidence and, consequently, a rise in NVRI's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100