Schneider National Updates FY23 EPS Guidance From $1.75-$1.90 To $1.40-$1.45 Vs $1.78 Est.; Net Capital Expenditures Is A Range Of $550M-$575M
Portfolio Pulse from Benzinga Newsdesk
Schneider National has revised its FY23 EPS guidance from $1.75-$1.90 to $1.40-$1.45, lower than the estimated $1.78. The company also updated its net capital expenditures to a range of $550M-$575M. The changes are due to ongoing pricing pressures, muted seasonality, and transitory cost items. The company is focusing on margin restoration and expects improving market conditions in the first half of 2024.
November 02, 2023 | 1:04 pm
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NEGATIVE IMPACT
Schneider National's lowered FY23 EPS guidance and increased net capital expenditures may negatively impact its stock price in the short term. However, the company's focus on margin restoration and expected market improvement in H1 2024 could provide a positive outlook in the longer term.
The company's lowered EPS guidance indicates potential financial challenges, which could negatively impact investor sentiment and drive the stock price down in the short term. However, Schneider's focus on margin restoration and anticipation of improved market conditions in H1 2024 suggest a positive long-term outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100