Astec Industries Inc expected to post earnings of 67  cents a share - Earnings Preview

Astec Industries

31/07/2023 19:31

* Astec Industries Inc  ASTE.OQ   ASTE.O  is expected
to show a
rise in quarterly revenue when it reports  results on August 2. 
    * The Chattanooga Tennessee-based  company is expected to
report 
a 9.6% increase in revenue to $348.739 million from $318.2
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Astec Industries
Inc is
for earnings of 67 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 $56​, above​ its last closing price of $48.26. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.52        0.52       0.90      Beat    74.3
 Dec. 31 2023  0.33        0.37       0.34      Missed  -9.2
 Sep. 30 2022  0.29        0.30       0.28      Missed  -7.9​
 Jun. 30 2022  0.51        0.52       0.19      Missed  -63.6
 ​​Mar.        0.12        0.11       0.41      Beat    281.4
 31 2022                                                
 Dec. 31 2021  0.00        0.03       -0.03     Missed  -220​
 Sep. 30 2021  0.28        0.31       0.50      Beat    60
 Jun. 30 2021  0.49        0.49       0.49      Met     -0.5
 This summary was machine generated July 31 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated