Douglas Dynamics Inc reports results for the quarter ended in June - Earnings Summary

Douglas Dynamics

29/07/2024 23:38

* Douglas Dynamics Inc  PLOW.N  reported quarterly adjusted
earnings of $1.11​​ per share for the quarter ended in June,
identical to the same quarter last year.  The mean expectation
of three analysts for the quarter was for earnings of 66 cents
per share. Wall Street expected results to range from 59 cents
to 72 cents per share.
    * Revenue fell 3.6% to $199.90 million from a year ago;
analysts
expected $182.77 million. 
    * Douglas Dynamics Inc's reported EPS for the quarter was
$1.02​.
    * The company reported quarterly net income of $24.34
million.
    * Douglas Dynamics Inc shares had risen by 12.1% this
quarter and
lost 11.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.7%
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 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is  "hold."

Wall Street's median 12-month price target for Douglas Dynamics
Inc is $30.00 
This summary was machine generated from LSEG data July 29 at
10:38 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      0.66           1.11           Beat
 Dec. 31 2023      -0.30          -0.29          Beat
 Dec. 31 2023      0.59           0.19           Missed
 Sep. 30 2023      0.47           0.25           Missed