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

Alamo

01/08/2024 01:38

* Alamo Group Inc  ALG.N  reported quarterly adjusted
earnings of
$2.35​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $3.03. 
The mean expectation of five analysts for the quarter was
for earnings of $2.72 per share. Wall Street expected results to
range from $2.64  to $2.79 per share.
    * Revenue fell 5.5% to $416.30 million from a year ago;
analysts
expected $428.56 million. 
    * Alamo Group Inc's reported EPS for the quarter was $2.35​.
    * The company reported quarterly net income of $28.32
million.
    * Alamo Group Inc shares had risen by 10.4% this quarter and
lost 9.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $225.00 
This summary was machine generated from LSEG data August 1 at
12:38 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
 Jun. 30 2024      2.72           2.35           Missed
 Mar. 31 2024      2.53           2.67           Beat
 Dec. 31 2023      2.68                          
 Sep. 30 2023      2.65