Upbound Group Revised FY23 Guidance For Revenue To $3.95B - $4.00B (From $3.90B-$4.00B) Vs. $3.93B Est., Adj. EPS To $3.45 – $3.55 From $3.25 - $3.55 Vs. $3.44 Est.
Portfolio Pulse from Benzinga Newsdesk
Upbound Group has revised its FY23 guidance for revenue to $3.95B - $4.00B, up from the previous range of $3.90B-$4.00B. The company also adjusted its EPS to $3.45 – $3.55 from $3.25 - $3.55. The new estimates are higher than the market expectation of $3.93B revenue and $3.44 EPS.
November 02, 2023 | 11:48 am
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POSITIVE IMPACT
Upbound Group's revised FY23 guidance is higher than market expectations, which could lead to a positive market reaction and potential increase in the company's stock price in the short term.
Companies that revise their earnings guidance upwards typically see a positive reaction in their stock price as it indicates better than expected performance. In this case, Upbound Group's revised revenue and EPS guidance for FY23 are both higher than market expectations, which could lead to increased investor confidence and a potential increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100