Astec Industries Inc expected to post earnings of 70 cents a share - Earnings Preview

Astec Industries

05/08/2024 14:34

* Astec Industries Inc  ASTE.OQ   ASTE.O  is expected
to show a
fall in quarterly revenue when it reports  results on August 7
for the period ending June 30 2024
    * The Chattanooga Tennessee-based  company is expected to
report a
5.0% decrease in revenue to $332.35 million from $350 million a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Astec Industries Inc is
for
earnings of 70 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"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 $40.50​, above​ its last closing price of $32.07. ​​​

This summary was machine generated August 5 at 13:34 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)