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

Crane NXT

09/05/2024 19:48

* Crane NXT Co  CXT.N  reported quarterly adjusted earnings
of 85
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 97
cents.  The mean expectation of five analysts for the quarter
was for earnings of 84 cents per share. Wall Street expected
results to range from 78 cents to 89 cents per share.
    * Revenue fell 4.7% to $313.60 million from a year ago;
analysts
expected $311.72 million. 
    * Crane NXT Co's reported EPS for the quarter was 66 cents​.
    * The company reported quarterly net income of $37.8
million.
    * Crane NXT Co shares had risen by 0.1% this quarter and
gained 9.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.2%
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
$81.50 
This summary was machine generated from LSEG data May 9 at 06:47
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
 Mar. 31 2024      0.84           0.85           Beat
 Dec. 31 2023      0.93           0.99           Beat
 Sep. 30 2023      1.02           1.09           Beat
 Jun. 30 2023      0.91           1.12           Beat