DXP Enterprises Inc reports results for the quarter ended in June - Earnings Summary

DXP Enterprises

08/08/2024 23:01

* DXP Enterprises Inc  DXPE.OQ  reported quarterly adjusted
earnings of $1.00​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $1.06.  The lone analyst forecast for the quarter was
for earnings of 80 cents per share. 
    * Revenue rose 4.1% to $445.56 million from a year ago;
analysts
expected $434.00 million. 
    * DXP Enterprises Inc's reported EPS for the quarter was
$1.00​.
    * The company reported quarterly net income of $16.67
million.
    * DXP Enterprises Inc shares had risen by 4.2% this
quarter and
gained 41.7% so far this year.

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
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "strong buy"

Wall Street's median 12-month price target for DXP Enterprises
Inc is $65.00 
This summary was machine generated from LSEG data August 8 at
10:00 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      0.80           1.00           Beat
 Mar. 31 2024      0.71           0.67           Missed
 Dec. 31 2023      -0.15          0.95           Beat
 Sep. 30 2023      0.96           0.93           Missed