Gibraltar Industries Narrowed FY23 Sales Outlook To $1.37B-$1.40B From $1.36B-$1.41B (Consensus $1.39B); Raised Adj EPS Outlook To $4.05-$4.15 From $3.90-$4.10 (Consensus $4.03)
Portfolio Pulse from Benzinga Newsdesk
Gibraltar Industries has updated its FY23 sales outlook to a range of $1.37B-$1.40B, a slight narrowing from the previous range of $1.36B-$1.41B. The consensus estimate was $1.39B. The company also raised its adjusted EPS outlook to $4.05-$4.15 from $3.90-$4.10, beating the consensus estimate of $4.03.
November 02, 2023 | 11:43 am
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POSITIVE IMPACT
Gibraltar Industries' updated FY23 sales and EPS outlooks may positively impact its stock price. The new sales outlook is in line with consensus estimates, while the raised EPS outlook beats estimates.
Gibraltar Industries' updated FY23 sales outlook is in line with consensus estimates, indicating that the company's performance is as expected. However, the raised EPS outlook, which beats consensus estimates, suggests that the company is performing better than expected in terms of profitability. This could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100