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

Astec Industries

01/05/2024 14:09

* Astec Industries Inc  ASTE.OQ  reported quarterly adjusted
earnings of 34 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 90 cents.  The mean expectation of
three analysts for the quarter was for earnings of 81 cents per
share. Wall Street expected results to range from 79 cents to 83
cents per share.
    * Revenue fell 11.1% to $309.20 million from a year ago;
analysts
expected $343.27 million. 
    * Astec Industries Inc's reported EPS for the quarter was 15
cents​.
    * The company reported quarterly net income of $3.4 million.
    * Astec Industries Inc shares had fallen by 4.4% this
quarter and
gained 12.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the heavy
machinery &
vehicles peer group is also "buy"

Wall Street's median 12-month price target for Astec Industries
Inc is $47.00 
This summary was machine generated from LSEG data May 1 at 01:09
p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.81           0.34           Missed
 Dec. 31 2023      0.66           0.90           Beat
 Sep. 30 2023      0.62           -0.01          Missed
 Jun. 30 2023      0.67           0.87           Beat