Astec Industries Inc expected to post earnings of 66 cents a share - Earnings Preview

Astec Industries

26/02/2024 12:03

* Astec Industries Inc  ASTE.OQ   ASTE.O  is expected
to show a
fall in quarterly revenue when it reports  results on February
28 for the period ending December 31 2023
    * The Chattanooga Tennessee-based  company is expected to
report a
0.7% decrease in revenue to $347.29 million from $349.9 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Astec Industries Inc is
for
earnings of 66 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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 Astec
Industries
Inc is $42.00​, above​ its last closing price of $35.22. ​​​

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  0.60        0.62       -0.01     Missed  -101.6
 Jun. 30 2023  0.65        0.67       0.87      Beat    28.9
 Mar. 31 2023  0.52        0.52       0.90      Beat    74.3​
 Dec. 31 2022  0.33        0.37       0.34      Missed  -9.2
 ​​Sep.        0.29        0.30       0.28      Missed  -7.9
 30 2022                                                
 Jun. 30 2022  0.51        0.52       0.19      Missed  -63.6​
 Mar. 31 2022  0.12        0.11       0.41      Beat    281.4
 Dec. 31 2021  0.00        0.03       -0.03     Missed  -220
 This summary was machine generated February 26 at 12:02 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)