Federal Signal Corp reports results for the quarter ended in June - Earnings Summary

Federal Signal

25/07/2024 14:32

* Federal Signal Corp  FSS.N  reported quarterly adjusted
earnings
of 95 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 67 cents.  The mean expectation of six analysts for the
quarter was for earnings of 84 cents per share. Wall Street
expected results to range from 82 cents to 89 cents per share.
    * Revenue rose 10.8% to $490.40 million from a year ago;
analysts
expected $486.19 million. 
    * Federal Signal Corp's reported EPS for the quarter was 99
cents​.
    * The company reported quarterly net income of $60.8
million.
    * Federal Signal Corp shares had risen by 13.0% this
quarter and
gained 23.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.4%
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 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "buy"

Wall Street's median 12-month price target for Federal Signal
Corp is $83.50 
This summary was machine generated from LSEG data July 25 at
01:32 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      0.84           0.95           Beat
 Mar. 31 2024      0.57           0.64           Beat
 Dec. 31 2023      0.66           0.74           Beat
 Sep. 30 2023      0.66           0.71           Beat