Alamo Group Inc expected to post earnings of $2.72 a share - Earnings Preview

Alamo

30/07/2024 03:02

* Alamo Group Inc  ALG.N   ALG  is expected to show a fall
in
quarterly revenue when it reports  results on July 31 for the
period ending June 30 2024
    * The Seguin Texas-based  company is expected to report a
2.8% decrease in revenue to $428.56 million from $440.69 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 $2.72 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 $225.00​, above​ its last closing price of $193.27. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  2.54        2.53       2.67      Beat    5.7
 Dec. 31 2024  2.68        2.68       2.63      Missed  -1.7
 Sep. 30 2023  2.64        2.65       2.91      Beat    9.6​
 Jun. 30 2023  3.10        3.05       3.03      Missed  -0.7
 ​​Mar.        2.13        2.12       2.79      Beat    31.9
 31 2023                                                
 Jan. 1 0001   2.00        1.99       2.44      Beat    22.6​
 Sep. 30 2022  2.42        2.42       2.16      Missed  -10.6
 Jun. 30 2022  1.90        1.96       2.39      Beat    22.1
 This summary was machine generated July 30 at 02:02 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)