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

Astec Industries

01/03/2023 13:04

* Astec Industries Inc  ASTE.OQ  reported quarterly adjusted
earnings of 34 cents​​ per share for the quarter ended in
December. The mean expectation of four analysts for the quarter
was for earnings of 37 cents per share.
    * Revenue rose 30.7% to $349.90 million from a year ago;
analysts
expected $313.55 million. 
    * Astec Industries Inc's reported EPS for the quarter was a
loss
of 4 cents​.
    * The mean earnings estimate of analysts had fallen by
about 11.7%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Astec Industries Inc shares had risen by 10.7% this
quarter.
    * The company reported a quarterly loss of $1 million.
    * Wall Street's median 12-month price target for Astec
Industries
Inc is $49.00 
    * 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." 

This summary was machine generated from Refinitiv data March 1
at 01:04 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.37           0.34           Missed
 Sep. 30 2022      0.30           0.28           Missed
 Jun. 30 2022      0.52           0.19           Missed
 Mar. 31 2022      0.11           0.41           Beat