Alamo Group Inc expected to post earnings of $2.65 a share - Earnings Preview

Alamo

01/11/2023 02:42

* Alamo Group Inc  ALG.N   ALG  is expected to show a rise
in
quarterly revenue when it reports  results on November 2. 
    * The Seguin Texas-based  company is expected to report  a
8.9% increase in revenue to $401.52 million from $368.79 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data. 
    * ​Refinitiv's mean analyst estimate for Alamo Group Inc is
for
earnings of $2.65 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 $214​, above​ its last closing price of $160.30. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  3.10        3.05       3.03      Missed  -0.7
 Mar. 31 2023  2.13        2.12       2.79      Beat    31.9
 Dec. 31 2022  2.00        1.99       2.44      Beat    22.6​
 Sep. 30 2022  2.42        2.42       2.16      Missed  -10.6
 ​​Jun.        1.90        1.96       2.39      Beat    22.1
 30 2022                                                
 Mar. 31 2022  1.71        1.73       1.63      Missed  -5.8​
 Dec. 31 2021  1.59        1.60       1.62      Beat    1
 Sep. 30 2021  2.03        2.05       1.59      Missed  -22.6
 This summary was machine generated November 1 at 02:41 GMT.  All
figures in US dollars  unless otherwise stated