Emerald Holding Lowered FY23 Outlook For Revenue To $385M-$395M (From In Excess Of $400M Prior) Vs. Cons. Of $402.2M, Adjusted EBITDA To $95M-$100M (Vs. $100M Earlier)
Portfolio Pulse from Benzinga Newsdesk
Emerald Holding has revised its FY23 revenue outlook downwards to $385M-$395M from over $400M. The consensus estimate was $402.2M. The company also lowered its adjusted EBITDA forecast to $95M-$100M from $100M.
November 06, 2023 | 11:33 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Emerald Holding's lowered FY23 revenue and EBITDA forecasts may negatively impact its stock price in the short term.
Emerald Holding's lowered revenue and EBITDA forecasts for FY23 are below the consensus estimates. This could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100