Columbus McKinnon Corp expected to post earnings of 68 cents a share - Earnings Preview

Columbus McKinnon

29/01/2024 13:47

* Columbus McKinnon Corp  CMCO.OQ   CMCO.O  is expected
to show a
rise in quarterly revenue when it reports  results on January 31
for the period ending December 31 2023
    * The Charlotte North Carolina-based  company is expected to
report a 8.7% increase in revenue to $250.338 million from
$230.37 million a year ago, according to the mean estimate from
4 analysts, based on LSEG data.The company's guidance on
November 1 2023, for the period ended December 31, was for
revenue between $245.00 million and $255.00 million.
    * ​LSEG's mean analyst estimate for Columbus McKinnon Corp
is for
earnings of 68 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 $48.50​, above​ its last closing price of $38.07. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2023  0.75        0.74       0.80      Beat    7.5​
 Dec. 31 2022  0.61        0.61       0.72      Beat    18.5
 ​​Sep.        0.72        0.73       0.73      Met     0.6
 30 2022                                                
 Jun. 30 2022  0.60        0.60       0.69      Beat    15.8​
 Mar. 31 2022  0.79        0.79       0.79      Met     0.3
 Dec. 31 2021  0.55        0.54       0.60      Beat    10.3
 This summary was machine generated January 29 at 13:47 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)