Chart Industries Inc reports results for the quarter ended in March - Earnings Summary

Chart Industries

03/05/2024 14:32

* Chart Industries Inc  GTLS.N  reported quarterly adjusted
earnings of $1.49​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $1.41.  The mean expectation of
eighteen analysts for the quarter was for earnings of $1.55 per
share. Wall Street expected results to range from 71 cents
to $2.44 per share.
    * Revenue rose 76.7% to $950.70 million from a year ago;
analysts
expected $972.88 million. 
    * Chart Industries Inc's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $4.5 million.
    * Chart Industries Inc shares had fallen by 12.0% this
quarter and
gained 6.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.3%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Chart Industries
Inc is $205.00 
This summary was machine generated from LSEG data May 3 at 01:31
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
 Mar. 31 2024      1.55           1.49           Missed
 Dec. 31 2023      2.08           2.25           Beat
 Sep. 30 2023      1.61           1.28           Missed
 Jun. 30 2023      0.93           1.19           Beat