Columbus McKinnon Corp reports results for the quarter ended in September 30 - Earnings Summary

Columbus McKinnon

30/10/2024 15:13

* Columbus McKinnon Corp  CMCO.OQ  reported quarterly
adjusted
earnings of 70 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 76 cents.  The mean expectation of five analysts
for the quarter was for earnings of 70 cents per share. Wall
Street expected results to range from 67 cents to 72 cents per
share.
    * Revenue fell 6.2% to $242.27 million from a year ago;
analysts
expected $248.74 million. 
    * Columbus McKinnon Corp's reported EPS for the quarter was
a loss
of 52 cents​.
    * The company reported a quarterly loss of $15.04 million.
    * Columbus McKinnon Corp shares had fallen by 10.4% this
quarter and lost 17.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13%
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 October 30 at
03:12 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
 Sep. 30 2024      0.70           0.70           Met
 Jun. 30 2024      0.61           0.62           Beat
 Mar. 31 2024      0.84           0.75           Missed
 Dec. 31 2023      0.68           0.74           Beat