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

Astec Industries

03/05/2023 13:38

* Astec Industries Inc  ASTE.OQ  reported quarterly adjusted
earnings of 90 cents​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of 52 cents per share.
    * Revenue rose 19.5% to $347.90 million from a year ago;
analysts
expected $341.36 million. 
    * Astec Industries Inc's reported EPS for the quarter was 53
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Astec Industries Inc shares had risen by 0.8% this
quarter and
gained 2.3% so far this year.
    * The company reported quarterly net income of $12.1
million.
    * Wall Street's median 12-month price target for Astec
Industries
Inc is $54.00 
    * 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 LSEG Refinitiv data May
3 at 12:38 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.52           0.90           Beat
 Dec. 31 2022      0.37           0.34           Missed
 Sep. 30 2022      0.30           0.28           Missed
 Jun. 30 2022      0.52           0.19           Missed