Superior Group of Companies Sees FY23 EPS $0.45-$0.55 Vs $0.47 Est.; Revenue $538M-$545M Vs $550.03M Est.
Portfolio Pulse from Benzinga Newsdesk
Superior Group of Companies has updated its FY23 outlook, forecasting a sales range of $538 million to $545 million, down from its earlier forecast of $550 million to $560 million. The company also adjusted its earnings per share forecast to a range of $0.46 to $0.53, compared to its earlier forecast of $0.45 to $0.55.
November 06, 2023 | 10:29 pm
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Superior Group of Companies has lowered its FY23 sales and EPS forecast, which could potentially impact its stock price negatively in the short term.
Companies often see their stock prices affected by changes in their earnings forecasts. In this case, Superior Group of Companies has lowered its sales and EPS forecast for FY23, which could lead investors to adjust their expectations for the company's performance, potentially leading to a decrease in the stock price in the short term.
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