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

Crane

29/07/2024 22:47

* Crane Co  CR.N  reported quarterly adjusted earnings of
$1.30​​
per share for the quarter ended in June, higher than the same
quarter last year, when the company reported EPS of $1.10.  The
mean expectation of six analysts for the quarter was
for earnings of $1.24 per share. Wall Street expected results to
range from $1.23  to $1.25 per share.
    * Revenue rose 14.1% to $581.20 million from a year ago;
analysts
expected $568.29 million. 
    * Crane Co's reported EPS for the quarter was $1.23​.
    * The company reported quarterly net income of $71.6
million.
    * Crane Co shares had risen by 9.6% this quarter and
gained 34.5%
so far this year.

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 7 "strong buy" or "buy," 1
"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
$160.00 
This summary was machine generated from LSEG data July 29 at
09:47 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      1.24           1.30           Beat
 Mar. 31 2024      1.13           1.22           Beat
 Dec. 31 2023                     0.90           
 Sep. 30 2023                     1.03