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

Crane NXT

07/08/2024 23:46

* Crane NXT Co  CXT.N  reported quarterly adjusted earnings
of
$1.06​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of
$1.12.  The mean expectation of five analysts for the quarter
was for earnings of $1.04 per share. Wall Street expected
results to range from $1.00  to $1.11 per share.
    * Revenue rose 5.2% to $370.60 million from a year ago;
analysts
expected $367.16 million. 
    * Crane NXT Co's reported EPS for the quarter was 72 cents​.
    * The company reported quarterly net income of $41.6
million.
    * Crane NXT Co shares had fallen by 9.8% this quarter and
lost 2.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
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," 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
$96.00 
This summary was machine generated from LSEG data August 7 at
10:46 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      1.04           1.06           Beat
 Mar. 31 2024      0.84           0.85           Beat
 Dec. 31 2023      0.93           0.99           Beat
 Sep. 30 2023      1.02           1.09           Beat