Alamo Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Alamo

01/11/2024 03:14

* Alamo Group Inc  ALG.N  reported quarterly adjusted
earnings of
$2.28​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$2.91.  The mean expectation of four analysts for the quarter
was for earnings of $2.44 per share. Wall Street expected
results to range from $2.31  to $2.60 per share.
    * Revenue fell 4.4% to $401.30 million from a year ago;
analysts
expected $404.30 million. 
    * Alamo Group Inc's reported EPS for the quarter was $2.28​.
    * The company reported quarterly net income of $19.09
million.
    * Alamo Group Inc shares had fallen by 3.9% this quarter and
lost 17.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is  "buy."

Wall Street's median 12-month price target for Alamo Group Inc
is $215.00 
This summary was machine generated from LSEG data November 1 at
03:14 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
 Sep. 30 2024      2.44           2.28           Missed
 Jun. 30 2024      2.72           2.35           Missed
 Mar. 31 2024      2.53           2.67           Beat
 Dec. 31 2023      2.68           2.63           Missed