Ametek Inc Expected To Post Earnings Of $1.63 A Share: Earnings Preview
02/02/2024 14:25
* AMETEK Inc AME.N AME is expected to show a rise in
quarterly
revenue when it reports results on February 6 for the period
ending December 31 2023
* The Berwyn Pennsylvania-based company is expected to
report a
6.9% increase in revenue to $1.737 billion from $1.63 billion a
year ago, according to the mean estimate from 12 analysts, based
on LSEG data.The company's guidance on October 31 2023, for the
period ended December 31, was for revenue between $1.69 billion
and $1.72 billion.
* LSEG's mean analyst estimate for AMETEK Inc is for
earnings of
$1.63 per share. The company's EPS guidance on October 31 2023,
for the period ended December 31, was between $1.61 and $1.63
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 7
"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 AMETEK Inc
is
$176.00, above its last closing price of $165.87.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Sep. 30 2023 1.58 1.58 1.64 Beat 4
Jun. 30 2023 1.51 1.51 1.57 Beat 3.9
Mar. 31 2023 1.42 1.41 1.49 Beat 5.5
Dec. 31 2022 1.48 1.47 1.52 Beat 3.4
Sep. 1.37 1.37 1.45 Beat 5.8
30 2022
Jun. 30 2022 1.30 1.29 1.38 Beat 7
Mar. 31 2022 1.28 1.27 1.33 Beat 4.4
Dec. 31 2021 1.31 1.30 1.37 Beat 5.4
This summary was machine generated February 2 at 14:25 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)