Crane Co reports results for the quarter ended in December - Earnings Summary

Crane

29/01/2024 22:44

* Crane Co  CR.N  reported quarterly adjusted earnings of 90
cents​​ per share for the quarter ended in December.  The mean
expectation of six analysts for the quarter was for earnings of
82 cents per share. Wall Street expected results to range from
78 cents to 88 cents per share.
    * Revenue was $532.90 million​; analysts expected $520.59
million. 
    * Crane Co's reported EPS for the quarter was 86 cents​.
    * The company reported quarterly net income of $49.4
million.
    * Crane Co shares had fallen by 4.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Crane Co is
$125.00 
This summary was machine generated from LSEG data January 29 at
10:44 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      0.82           0.90           Beat
 Sep. 30 2023      0.87           1.03           Beat
 Jun. 30 2023      0.93           1.10           Beat
 Mar. 31 2023      0.85           1.25           Beat