Aaon Inc reports results for the quarter ended in March - Earnings Summary

AAON

02/05/2024 23:14

* Aaon Inc  AAON.OQ  reported quarterly adjusted earnings of
46
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 45
cents.  The mean expectation of five analysts for the quarter
was for earnings of 49 cents per share. Wall Street expected
results to range from 46 cents to 53 cents per share.
    * Revenue fell 1.4% to $262.10 million from a year ago;
analysts
expected $284.76 million. 
    * Aaon Inc's reported EPS for the quarter was 46 cents​.
    * The company reported quarterly net income of $39.02
million.
    * Aaon Inc shares had risen by 7.2% this quarter and
gained 27.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Aaon Inc is
$102.00 
This summary was machine generated from LSEG data May 2 at 10:14
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      0.49           0.46           Missed
 Dec. 31 2023      0.52           0.56           Beat
 Sep. 30 2023      0.55           0.64           Beat
 Jun. 30 2023      0.43           0.55           Beat