Astec Industries Inc expected to post earnings of 81 cents a share - Earnings Preview

Astec Industries

29/04/2024 12:35

* Astec Industries Inc  ASTE.OQ   ASTE.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 1 for
the period ending March 31 2024
    * The Chattanooga Tennessee-based  company is expected to
report a
1.3% decrease in revenue to $343.268 million from $347.9 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Astec Industries Inc is
for
earnings of 81 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 2.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Astec
Industries
Inc is $47.00​, above​ its last closing price of $42.64. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.63        0.66       0.90      Beat    35.5
 Sep. 30 2023  0.60        0.62       -0.01     Missed  -101.6
 Jun. 30 2023  0.65        0.67       0.87      Beat    28.9​
 Jan. 1 0001   0.52        0.52       0.90      Beat    74.3
 ​​Dec.        0.33        0.37       0.34      Missed  -9.2
 31 2022                                                
 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. 31 2022  0.12        0.11       0.41      Beat    281.4
 This summary was machine generated April 29 at 11:35 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)