ONE Gas Narrows 2023 EPS Guidance From $4.06-$4.22 To $4.12-$4.16 vs $4.14 Est.
Portfolio Pulse from Benzinga Newsdesk
ONE Gas, Inc. has updated its 2023 earnings per share (EPS) guidance, narrowing the range from $4.06-$4.22 to $4.12-$4.16. This update is in comparison to the market estimate of $4.14 EPS.

January 23, 2024 | 9:21 pm
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ONE Gas, Inc. has refined its 2023 EPS guidance, which now closely aligns with analyst expectations. This could indicate management's confidence in the company's performance.
The adjustment in EPS guidance by ONE Gas is a sign of management's confidence in meeting specific targets. Since the new guidance range is very close to the market estimate, the immediate market reaction may be neutral, as it does not significantly exceed or fall short of expectations. However, the precision of the guidance could be viewed positively by investors who prefer stability and predictability in earnings.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100