A O Smith Corp reports results for the quarter ended in September 30 - Earnings Summary

A O Smith

22/10/2024 14:40

* A O Smith Corp  AOS.N  reported quarterly adjusted
earnings of
82 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 90 cents.  The mean expectation of twelve analysts for the
quarter was for earnings of 83 cents per share. Wall Street
expected results to range from 82 cents to 93 cents per share.
    * Revenue fell 3.7% to $902.60 million from a year ago;
analysts
expected $904.73 million. 
    * A O Smith Corp's reported EPS for the quarter was 82
cents​.
    * The company reported quarterly net income of $120.1
million.
    * A O Smith Corp shares had fallen by 12.5% this quarter and
lost 4.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.4%
in the last three months.​ 
    * In the last 30 days, ten analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 9
"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
87.50 
This summary was machine generated from LSEG data October 22 at
01:40 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
 Sep. 30 2024                     0.82           
 Jun. 30 2024      1.06           1.06           Met
 Mar. 31 2024      0.98           1.00           Beat
 Dec. 31 2023      0.96           0.97           Beat