AZZ Inc reports results for the quarter ended in May - Earnings Summary

AZZ

10/07/2024 22:58

* AZZ Inc  AZZ.N  reported quarterly adjusted earnings of
$1.46​​
per share for the quarter ended in May, higher than the same
quarter last year, when the company reported EPS of $1.14.  The
mean expectation of seven analysts for the quarter was
for earnings of $1.30 per share. Wall Street expected results to
range from $1.11  to $1.36 per share.
    * Revenue rose 5.7% to $413.21 million from a year ago;
analysts
expected $402.05 million. 
    * AZZ Inc's reported EPS for the quarter was a loss of
$1.38​.
    * The company reported a quarterly loss of $36.8 million.
    * AZZ Inc shares had fallen by 3.1% this quarter and
gained 28.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the iron & steel
peer
group is also "buy"

Wall Street's median 12-month price target for AZZ Inc is $92.50
This summary was machine generated from LSEG data July 10 at
09:58 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
 May. 31 2024      1.30           1.46           Beat
 Feb. 29 2024      0.70           0.93           Beat
 Nov. 30 2023      1.00           1.19           Beat
 Aug. 31 2023      1.08           1.27           Beat