Cadre Holdings Inc reports results for the quarter ended in June - Earnings Summary

Cadre Holdings

09/08/2024 23:06

* Cadre Holdings Inc  CDRE.N  reported quarterly adjusted
earnings
of 31 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 29 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 27 cents per share. Wall Street
expected results to range from 23 cents to 32 cents per share.
    * Revenue rose 19.2% to $144.31 million from a year ago;
analysts
expected $142.05 million. 
    * Cadre Holdings Inc's reported EPS for the quarter was 31
cents​.
    * The company reported quarterly net income of $12.57
million.
    * Cadre Holdings Inc shares had risen by 1.9% this
quarter and
gained 4.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "buy"

Wall Street's median 12-month price target for Cadre Holdings
Inc is $43.00 
This summary was machine generated from LSEG data August 9 at
10:06 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      0.27           0.31           Beat
 Mar. 31 2024      0.23           0.18           Missed
 Dec. 31 2023      0.18           0.25           Beat
 Sep. 30 2023      0.21           0.29           Beat