Alcon Sees 2023 Core EPS $2.70-$2.75 vs $2.75 Est., Net Sales $9.3B-$9.4B vs $9.49B Est.
Portfolio Pulse from Benzinga Newsdesk
Alcon has provided its 2023 financial outlook, projecting a core EPS of $2.70-$2.75, which is in line with the lower end of the analyst estimate of $2.75. The company also forecasts net sales to be between $9.3B-$9.4B, slightly below the estimated $9.49B.
November 14, 2023 | 9:34 pm
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Alcon's 2023 financial guidance suggests a core EPS that meets the lower end of analyst expectations and a slight miss on projected net sales compared to estimates.
Alcon's projected core EPS aligns with the lower end of analyst estimates, which may not negatively impact the stock significantly. However, the forecasted net sales being below estimates could lead to a negative short-term reaction in the stock price as it may raise concerns about growth and revenue generation.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100