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

Astec Industries

07/08/2024 14:06

* Astec Industries Inc  ASTE.OQ  reported quarterly adjusted
earnings of 61 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 87 cents.  The mean expectation of two analysts for the
quarter was for earnings of 70 cents per share. Wall Street
expected results to range from 61 cents to 78 cents per share.
    * Revenue fell 1.3% to $345.50 million from a year ago;
analysts
expected $332.35 million. 
    * Astec Industries Inc's reported EPS for the quarter was a
loss
of 61 cents​.
    * The company reported a quarterly loss of $14 million.
    * Astec Industries Inc shares had risen by 5.6% this
quarter and
lost 15.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.7%
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 1 "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 $40.50 
This summary was machine generated from LSEG data August 7 at
01:06 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
 Jun. 30 2024      0.70           0.61           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