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

Crane NXT

15/02/2024 02:09

* Crane NXT Co  CXT.N  reported quarterly adjusted earnings
of 99
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$2.13.  The mean expectation of five analysts for the quarter
was for earnings of 93 cents per share. Wall Street expected
results to range from 87 cents to 97 cents per share.
    * Revenue fell 56.7% to $356.90 million from a year ago;
analysts
expected $341.42 million. 
    * Crane NXT Co's reported EPS for the quarter was 86 cents​.
    * The company reported quarterly net income of $49.5
million.
    * Crane NXT Co shares had risen by 3.2% this quarter.

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," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Crane NXT Co is
$72.00 
This summary was machine generated from LSEG data February 15 at
02:09 a.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      0.93           0.99           Beat
 Sep. 30 2023      1.02           1.09           Beat
 Jun. 30 2023      0.91           1.12           Beat
 Mar. 31 2023      0.75           0.97           Beat