Atmus Filtration Technologies Inc reports results for the quarter ended in June - Earnings Summary

Atmus Filtration Technologies

02/08/2024 15:51

* Atmus Filtration Technologies Inc  ATMU.N  reported
quarterly
adjusted earnings of 67 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 55 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 55 cents per
share. Wall Street expected results to range from 51 cents to 59
cents per share.
    * Revenue rose 4.6% to $432.60 million from a year ago;
analysts
expected $418.33 million. 
    * Atmus Filtration Technologies Inc's reported EPS for the
quarter
was 67 cents​.
    * The company reported quarterly net income of $56.2
million.
    * Atmus Filtration Technologies Inc shares had risen by 4.2%
this
quarter and gained 27.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "buy"

Wall Street's median 12-month price target for Atmus Filtration
Technologies Inc is $36.00 
This summary was machine generated from LSEG data August 2 at
02:51 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      0.55           0.67           Beat
 Mar. 31 2024      0.55           0.54           Missed
 Dec. 31 2023      0.40           0.42           Beat
 Sep. 30 2023      0.45           0.45           Met