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

Columbus McKinnon

31/07/2024 14:32

* Columbus McKinnon Corp  CMCO.OQ  reported quarterly
adjusted
earnings of 62 cents​​ per share for the quarter ended in June,
identical to the same quarter last year.  The mean expectation
of five analysts for the quarter was for earnings of 61 cents
per share. Wall Street expected results to range from 59 cents
to 62 cents per share.
    * Revenue rose 1.8% to $239.73 million from a year ago;
analysts
expected $241.25 million. 
    * Columbus McKinnon Corp's reported EPS for the quarter was
30
cents​.
    * The company reported quarterly net income of $8.63
million.
    * Columbus McKinnon Corp shares had risen by 13.7% this
quarter and gained 0.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.3%
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 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "buy"

Wall Street's median 12-month price target for Columbus McKinnon
Corp is $49.50 
This summary was machine generated from LSEG data July 31 at
01:31 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
 Jun. 30 2024      0.61           0.62           Beat
 Mar. 31 2024      0.84           0.75           Missed
 Dec. 31 2023      0.68           0.74           Beat
 Sep. 30 2023      0.70           0.76           Beat