Ametek Inc Reports Results For The Quarter Ended In January: Earnings Summary

Ametek

01/08/2024 15:24

* AMETEK Inc  AME.N  reported quarterly adjusted earnings of
$1.66​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of
$1.57.  The mean expectation of thirteen analysts for the
quarter was for earnings of $1.64 per share. Wall Street
expected results to range from $1.63  to $1.67 per share.
    * Revenue rose 5.4% to $1.73 billion from a year ago;
analysts
expected $1.78 billion. 
    * AMETEK Inc's reported EPS for the quarter was $1.45​.
    * The company reported quarterly net income of $337.68
million.
    * AMETEK Inc shares had risen by 4.1% this quarter and
gained 5.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
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 "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for AMETEK Inc is
$195.00 
This summary was machine generated from LSEG data August 1 at
02:24 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
 Jun. 30 2024      1.64           1.66           Beat
 Mar. 31 2024      1.59           1.64           Beat
 Dec. 31 2023      1.63           1.68           Beat
 Sep. 30 2023      1.58           1.64           Beat