Crane NXT Raises FY23 EPS From $3.85-$4.15 To $4.00-$4.15 Vs $4.10 Est.; Core Sales Growth Of 3%-5%
Portfolio Pulse from Benzinga Newsdesk
Crane NXT has revised its FY23 EPS guidance from $3.85-$4.15 to $4.00-$4.15, slightly below the estimated $4.10. The company also expects a core sales growth of 3%-5% and has reduced its net non-operating expense to ~$45 million from ~$50 million due to lower interest costs.
November 06, 2023 | 9:53 pm
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Crane NXT's revised EPS guidance is slightly below the estimated $4.10, which may impact investor sentiment. However, the expected core sales growth and reduced non-operating expense could offset this.
The revised EPS guidance is slightly below the estimated $4.10, which could negatively impact investor sentiment. However, the company's expected core sales growth of 3%-5% and reduced non-operating expense due to lower interest costs could offset this and maintain the stock's stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100