A O Smith Corp reports results for the quarter ended in December - Earnings Summary

A O Smith

30/01/2024 14:31

* A O Smith Corp  AOS.N  reported quarterly adjusted
earnings of
92 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 86 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 96 cents per share. Wall Street
expected results to range from 91 cents to $1.04 per share.
    * Revenue rose 5.6% to $988.10 million from a year ago;
analysts
expected $985.44 million. 
    * A O Smith Corp's reported EPS for the quarter was 92
cents​.
    * The company reported quarterly net income of $137.3
million.
    * A O Smith Corp shares had fallen by 1.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 10
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "hold"

Wall Street's median 12-month price target for A O Smith Corp is
$83.50 
This summary was machine generated from LSEG data January 30 at
02:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.96           0.92           Missed
 Sep. 30 2023      0.80           0.90           Beat
 Jun. 30 2023      0.91           1.01           Beat
 Mar. 31 2023      0.78           0.94           Beat