Armstrong World Industries Inc reports results for the quarter ended in December - Earnings Summary

Armstrong World Industries

20/02/2024 14:31

* Armstrong World Industries Inc  AWI.N  reported quarterly
adjusted earnings of $1.22​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of $1.08.  The mean expectation of
nine analysts for the quarter was for earnings of $1.04 per
share. Wall Street expected results to range from $1.01 
to $1.06 per share.
    * Revenue rose 2.6% to $312.30 million from a year ago;
analysts
expected $305.61 million. 
    * Armstrong World Industries Inc's reported EPS for the
quarter
was $1.06​.
    * The company reported quarterly net income of $46.8
million.
    * Armstrong World Industries Inc shares had risen by 6.9%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
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 4 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is also "buy"

Wall Street's median 12-month price target for Armstrong World
Industries Inc is $98.00 
This summary was machine generated from LSEG data February 20 at
02:31 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
 Dec. 31 2023      1.04           1.22           Beat
 Sep. 30 2023      1.31           1.60           Beat
 Jun. 30 2023      1.31           1.38           Beat
 Mar. 31 2023      1.09           1.12           Beat