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

A O Smith

25/04/2024 15:09

* A O Smith Corp  AOS.N  reported quarterly adjusted
earnings of
$1.00​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 94
cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 98 cents per share. Wall Street
expected results to range from 94 cents to $1.02 per share.
    * Revenue rose 1.3% to $978.80 million from a year ago;
analysts
expected $995.97 million. 
    * A O Smith Corp's reported EPS for the quarter was $1.00​.
    * The company reported quarterly net income of $147.6
million.
    * A O Smith Corp shares had fallen by 2.7% this quarter and
gained 5.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$90.00 
This summary was machine generated from LSEG data April 25 at
02:09 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
 Mar. 31 2024      0.98           1.00           Beat
 Dec. 31 2023      0.96           0.97           Beat
 Sep. 30 2023      0.80           0.90           Beat
 Jun. 30 2023      0.91           1.01           Beat