Alamo Group Inc reports results for the quarter ended in December - Earnings Summary

Alamo

23/02/2024 03:01

* Alamo Group Inc  ALG.N  reported quarterly adjusted
earnings of
$2.63​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$2.44.  The mean expectation of five analysts for the quarter
was for earnings of $2.68 per share. Wall Street expected
results to range from $2.45  to $2.85 per share.
    * Revenue rose 8% to $417.54 million from a year ago;
analysts
expected $419.42 million. 
    * Alamo Group Inc's reported EPS for the quarter was $2.63​.
    * The company reported quarterly net income of $31.52
million.
    * Alamo Group Inc shares had risen by 2.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "buy"

Wall Street's median 12-month price target for Alamo Group Inc
is $230.00 
This summary was machine generated from LSEG data February 23 at
03:01 a.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
 Dec. 31 2023      2.68           2.63           Missed
 Sep. 30 2023      2.65           2.91           Beat
 Jun. 30 2023      3.05           3.03           Missed
 Mar. 31 2023      2.12           2.79           Beat