Columbus McKinnon Corp expected to post earnings of 70  cents a share - Earnings Preview

Columbus McKinnon

30/10/2023 14:31

* Columbus McKinnon Corp  CMCO.OQ   CMCO.O  is expected
to show a
rise in quarterly revenue when it reports  results 
    * The Charlotte North Carolina-based  company is expected to
report  a 10.1% increase in revenue to $255.07 million from
$231.74 million a year ago, according to the mean estimate from
4 analysts, based on Refinitiv data. The company's guidance on
August 2 2023, for the period ended September 30, was for
revenue between $250.00 million and $260.00 million.
    * ​Refinitiv's mean analyst estimate for Columbus McKinnon
Corp is
for earnings of 70 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 $49​, above​ its last closing price of $30.72. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.72        0.73       0.73      Met     0.6
 ​​Jun.        0.60        0.60       0.69      Beat    15.8
 30 2022                                                
 Mar. 31 2022  0.79        0.79       0.79      Met     0.3​
 Dec. 31 2021  0.55        0.54       0.60      Beat    10.3
 Sep. 30 2021  0.76        0.75       0.74      Missed  -0.7
 This summary was machine generated October 30 at 14:31 GMT.  All
figures in US dollars  unless otherwise stated