Federal Signal Corp reports results for the quarter ended in September 30 - Earnings Summary

Federal Signal

01/11/2024 03:41

* Federal Signal Corp  FSS.N  reported quarterly adjusted
earnings
of 88 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 71 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 84 cents per
share. Wall Street expected results to range from 79 cents to 89
cents per share.
    * Revenue rose 6.2% to $474.20 million from a year ago;
analysts
expected $481.66 million. 
    * Federal Signal Corp's reported EPS for the quarter was 87
cents​.
    * The company reported quarterly net income of $53.9
million.
    * Federal Signal Corp shares had fallen by 9.3% this
quarter and
gained 10.5% 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 "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 $94.50 
This summary was machine generated from LSEG data November 1 at
03:41 a.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
 Sep. 30 2024      0.84           0.88           Beat
 Jun. 30 2024      0.84           0.95           Beat
 Mar. 31 2024      0.57           0.64           Beat
 Dec. 31 2023      0.66           0.74           Beat