Kohl's Sees FY23 EPS Of $2.30-$2.70 Versus Prior Guidance Of $2.10-$2.70 Versus Consensus Of $2.45
Portfolio Pulse from Benzinga Newsdesk
Kohl's has updated its FY23 earnings per share (EPS) guidance to a range of $2.30-$2.70, which is a narrower range compared to the prior guidance of $2.10-$2.70. This update is in line with the consensus estimate of $2.45.
November 21, 2023 | 12:03 pm
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Kohl's has revised its FY23 EPS guidance to a narrower range, which may indicate more confidence in meeting or exceeding market expectations.
By narrowing the EPS guidance range, Kohl's is showing a more precise expectation of its financial performance, which could be interpreted by investors as a positive sign of management's confidence in the company's outlook. This update aligns with the consensus estimate, which may lead to a neutral to positive short-term impact on the stock price as it reassures investors that the company is on track to meet market expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100