Alamo Group Inc expected to post earnings of $2.53 a share - Earnings Preview

Alamo

30/04/2024 21:58

* Alamo Group Inc  ALG.N   ALG  is expected to show a fall
in
quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The Seguin Texas-based  company is expected to report a
0.3% decrease in revenue to $410.674 million from $411.77
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Alamo Group Inc is for
earnings of $2.53 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Alamo Group
Inc
is $235.00​, above​ its last closing price of $194.38. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  2.68        2.68       2.63      Missed  -1.7
 Sep. 30 2023  2.64        2.65       2.91      Beat    9.6
 Jan. 1 0001   3.10        3.05       3.03      Missed  -0.7​
 Mar. 31 2023  2.13        2.12       2.79      Beat    31.9
 ​​Dec.        2.00        1.99       2.44      Beat    22.6
 31 2022                                                
 Jan. 1 0001   2.42        2.42       2.16      Missed  -10.6​
 Jun. 30 2022  1.90        1.96       2.39      Beat    22.1
 Jan. 1 0001   1.71        1.73       1.63      Missed  -5.8
 This summary was machine generated April 30 at 20:58 GMT.  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)