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

Alamo

03/05/2024 17:17

* Alamo Group Inc  ALG.N  reported quarterly adjusted
earnings of
$2.67​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of
$2.79.  The mean expectation of five analysts for the quarter
was for earnings of $2.53 per share. Wall Street expected
results to range from $2.40  to $2.68 per share.
    * Revenue rose 3.4% to $425.59 million from a year ago;
analysts
expected $410.67 million. 
    * Alamo Group Inc's reported EPS for the quarter was $2.67​.
    * The company reported quarterly net income of $32.12
million.
    * Alamo Group Inc shares had fallen by 14.5% this
quarter and
lost 7.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 22.3%
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 $235.00 
This summary was machine generated from LSEG data May 3 at 04:17
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      2.53           2.67           Beat
 Dec. 31 2023      2.68           2.63           Missed
 Sep. 30 2023      2.65           2.91           Beat
 Jun. 30 2023      3.05           3.03           Missed