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

Astec Industries

01/11/2023 13:32

* Astec Industries Inc  ASTE.OQ  reported a quarterly
adjusted
loss of 1 cent​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of 28 cents.  The mean expectation of four analysts for the
quarter was for earnings of 62 cents per share. Wall Street
expected results to range from 46 cents to 74 cents per share.
    * Revenue fell 3.8% to $303.10 million from a year ago;
analysts
expected $332.77 million. 
    * Astec Industries Inc's reported EPS for the quarter was a
loss
of 29 cents​.
    * The company reported a quarterly loss of $6.6 million.
    * Astec Industries Inc shares had fallen by 15.0% this
quarter and
lost 1.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 14.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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." 
    * 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 $59.00 
This summary was machine generated from LSEG data November 1 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.62           -0.01          Missed
 Jun. 30 2023      0.67           0.87           Beat
 Mar. 31 2023      0.52           0.90           Beat
 Dec. 31 2022      0.37           0.34           Missed