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

AZZ

10/01/2024 24:25

* AZZ Inc  AZZ.N  reported quarterly adjusted earnings of
$1.19​​
per share for the quarter ended in November, higher than the
same quarter last year, when the company reported EPS of 88
cents.  The mean expectation of five analysts for the quarter
was for earnings of $1.00 per share. Wall Street expected
results to range from 95 cents to $1.03 per share.
    * Revenue rose 2.2% to $381.61 million from a year ago;
analysts
expected $374.73 million. 
    * AZZ Inc's reported EPS for the quarter was 92 cents​.
    * The company reported quarterly net income of $23.29
million.
    * AZZ Inc shares had fallen by 1.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
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 3 "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 $64.50
This summary was machine generated from LSEG data January 10 at
12:25 a.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
 Nov. 30 2023      1.00           1.19           Beat
 Aug. 31 2023      1.08           1.27           Beat
 May. 31 2023      1.16           1.14           Missed
 Feb. 28 2023      0.29           0.30           Beat