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

Columbus McKinnon

29/05/2024 14:51

* Columbus McKinnon Corp  CMCO.OQ  reported quarterly
adjusted
earnings of 75 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 80 cents.  The mean expectation of four analysts for the
quarter was for earnings of 84 cents per share. Wall Street
expected results to range from 82 cents to 86 cents per share.
    * Revenue rose 4.6% to $265.50 million from a year ago;
analysts
expected $267.35 million. 
    * Columbus McKinnon Corp's reported EPS for the quarter was
41
cents​.
    * The company reported quarterly net income of $11.81
million.
    * Columbus McKinnon Corp shares had fallen by 1.6% this
quarter and gained 12.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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." 
    * 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 $50.00 
This summary was machine generated from LSEG data May 29 at
01:51 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
 Mar. 31 2024      0.84           0.75           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