Ametek Inc Expected To Post Earnings Of $1.64 A Share: Earnings Preview

Ametek

30/07/2024 19:54

* AMETEK Inc  AME.N   AME  is expected to show a rise in
quarterly
revenue when it reports  results on August 1 for the period
ending January 1 0001
    * The Berwyn Pennsylvania-based  company is expected to
report a
8.4% increase in revenue to $1.784 billion from $1.65 billion a
year ago, according to the mean estimate from 12 analysts, based
on LSEG data.The company's guidance on May 2 2024, for the
period ended June 30, was for revenue between $1.73 billion and
$1.78 billion.
    * ​LSEG's mean analyst estimate for AMETEK Inc is for
earnings of
$1.64 per share. The company's EPS guidance on May 2 2024, for
the period ended June 30, was between $1.63 and $1.65 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 6
"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
$195.00​, above​ its last closing price of $171.90. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   1.60        1.59       1.64      Beat    2.9
 Jan. 1 0001   1.63        1.63       1.68      Beat    3.1
 Sep. 30 2023  1.58        1.58       1.64      Beat    4​
 Jan. 1 0001   1.51        1.51       1.57      Beat    3.9
 ​​Jan.        1.42        1.41       1.49      Beat    5.5
 1 0001                                                 
 Jan. 1 0001   1.48        1.47       1.52      Beat    3.4​
 Jan. 1 0001   1.37        1.37       1.38      Beat    5.8
 Jan. 1 0001   1.30        1.29       1.38      Beat    7
 This summary was machine generated July 30 at 18:54 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)