Columbus McKinnon Corp expected to post earnings of 62  cents a share - Earnings Preview

Columbus McKinnon

31/07/2023 19:31

* Columbus McKinnon Corp  CMCO.OQ   CMCO.O  is expected
to show a
rise in quarterly revenue when it reports  results on August 2. 
    * The Charlotte North Carolina-based  company is expected to
report  a 7.5% increase in revenue to $236.875 million from
$220.29 million a year ago, according to the mean estimate from
4 analysts, based on Refinitiv data. The company's guidance on
May 25 2023, for the period ended June 30, was for revenue
between $235.00 million and $240.00 million.
    * ​Refinitiv's mean analyst estimate for Columbus McKinnon
Corp is
for earnings of 62 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $47​, above​ its last closing price of $42.20. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.75        0.74       0.80      Beat    7.5
 Dec. 31 2023  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
 ​​Mar.        0.79        0.79       0.79      Met     0.3
 31 2022                                                
 Dec. 31 2021  0.55        0.54       0.60      Beat    10.3​
 Sep. 30 2021  0.76        0.75       0.74      Missed  -0.7
 Jun. 30 2021  0.45        0.43       0.69      Beat    61.4
 This summary was machine generated July 31 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated