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

Columbus McKinnon

01/11/2023 13:31

* Columbus McKinnon Corp  CMCO.OQ  reported quarterly
adjusted
earnings of 76 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 73 cents.  The mean expectation of
four analysts for the quarter was for earnings of 70 cents per
share. Wall Street expected results to range from 67 cents to 74
cents per share.
    * Revenue rose 11.5% to $258.40 million from a year ago;
analysts
expected $255.07 million. 
    * Columbus McKinnon Corp's reported EPS for the quarter was
55
cents​.
    * The company reported quarterly net income of $15.81
million.
    * Columbus McKinnon Corp shares had fallen by 12.4% this
quarter and lost 5.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
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 $49.00 
This summary was machine generated from LSEG data November 1 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.70           0.76           Beat
 Jun. 30 2023      0.62           0.62           Met
 Mar. 31 2023      0.74           0.80           Beat
 Dec. 31 2022      0.61           0.72           Beat