Columbus McKinnon Corp expected to post earnings of 61 cents a share - Earnings Preview

Columbus McKinnon

29/07/2024 18:21

* Columbus McKinnon Corp  CMCO.OQ   CMCO.O  is expected
to show a
rise in quarterly revenue when it reports  results on July 31
for the period ending June 30 2024
    * The Charlotte North Carolina-based  company is expected to
report a 2.4% increase in revenue to $241.247 million from
$235.49 million a year ago, according to the mean estimate from
5 analysts, based on LSEG data.The company's guidance on May 29
2024, for the period ended June 30, was for revenue between
$237.85 million and $242.56 million.
    * ​LSEG's mean analyst estimate for Columbus McKinnon Corp
is for
earnings of 61 cents per share. The company's EPS guidance on
May 29 2024, for the period ended June 30, was between $0.61 and
$0.62 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Columbus
McKinnon
Corp is $49.50​, above​ its last closing price of $39.41. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.84        0.84       0.75      Missed  -10.3
 Dec. 31 2024  0.68        0.68       0.74      Beat    8.7
 Sep. 30 2023  0.69        0.70       0.76      Beat    8.2​
 Jun. 30 2023  0.62        0.62       0.62      Met     -0.4
 ​​Mar.        0.75        0.74       0.80      Beat    7.5
 31 2023                                                
 Dec. 31 2022  0.61        0.61       0.72      Beat    18.5​
 Sep. 30 2022  0.72        0.73       0.73      Met     0.6
 Jun. 30 2022  0.60        0.60       0.69      Beat    15.8
 This summary was machine generated July 29 at 17:21 GMT.  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)