Columbus McKinnon Corp expected to post earnings of 84 cents a share - Earnings Preview

Columbus McKinnon

27/05/2024 13:52

* Columbus McKinnon Corp  CMCO.OQ   CMCO.O  is expected
to show a
rise in quarterly revenue when it reports  results on May 29 for
the period ending March 31 2024
    * The Charlotte North Carolina-based  company is expected to
report a 5.3% increase in revenue to $267.354 million from
$253.84 million a year ago, according to the mean estimate from
4 analysts, based on LSEG data.The company's guidance on January
31 2024, for the period ended March 31, was for revenue between
$260.00 million and $270.00 million.
    * ​LSEG's mean analyst estimate for Columbus McKinnon Corp
is for
earnings of 84 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 $50.00​, above​ its last closing price of $44.90. ​​​

The company's guidance on January 31 2024 for the period ended
March 31 was for Capital Expenditures between USD14 million and
USD19 million.The company's guidance on January 31 2024 for the
period ended March 31 was for gross profit margin of USD38%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  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. 31 2023  0.75        0.74       0.80      Beat    7.5
 ​​Dec.        0.61        0.61       0.72      Beat    18.5
 31 2022                                                
 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. 31 2022  0.79        0.79       0.79      Met     0.3
 This summary was machine generated May 27 at 12:52 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)