Columbus McKinnon Corp reports results for the quarter ended in December - Earnings Summary

Columbus McKinnon

31/01/2024 14:32

* Columbus McKinnon Corp  CMCO.OQ  reported quarterly
adjusted
earnings of 74 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 72 cents.  The mean expectation of
four analysts for the quarter was for earnings of 68 cents per
share. Wall Street expected results to range from 66 cents to 70
cents per share.
    * Revenue rose 10.3% to $254.14 million from a year ago;
analysts
expected $250.34 million. 
    * Columbus McKinnon Corp's reported EPS for the quarter was
34
cents​.
    * The company reported quarterly net income of $9.73
million.
    * Columbus McKinnon Corp shares had fallen by 1.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Columbus
McKinnon
Corp is $48.50 

This summary was machine generated from LSEG data January 31 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.68           0.74           Beat
 Sep. 30 2023      0.70           0.76           Beat
 Jun. 30 2023      0.62           0.62           Met
 Mar. 31 2023      0.74           0.80           Beat