TORM Narrows FY23 TCE Earnings From $1.050B-$1.175B To $1.075B-$1.125B Vs $1.1B Est.
Portfolio Pulse from Benzinga Newsdesk
TORM has revised its FY23 TCE earnings forecast from the range of $1.050B-$1.175B to a narrower range of $1.075B-$1.125B. The new forecast is in line with the estimated $1.1B.
November 09, 2023 | 2:10 pm
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NEUTRAL IMPACT
TORM's revised FY23 TCE earnings forecast is in line with the estimated $1.1B, which may stabilize investor confidence in the company.
TORM's revised earnings forecast is in line with the estimated $1.1B, which suggests that the company's performance is as expected. This may stabilize investor confidence in the company, but it's unlikely to significantly move the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100