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

Federal Signal

02/11/2023 14:26

* Federal Signal Corp  FSS.N  reported quarterly adjusted
earnings
of 71 cents​​ per share for the quarter ended in September,
higher than the same quarter last year, when the company
reported EPS of 53 cents.  The mean expectation of six analysts
for the quarter was for earnings of 66 cents per share. Wall
Street expected results to range from 62 cents to 67 cents per
share.
    * Revenue rose 28.9% to $446.40 million from a year ago;
analysts
expected $437.48 million. 
    * Federal Signal Corp's reported EPS for the quarter was 71
cents​.
    * The company reported quarterly net income of $43.3
million.
    * Federal Signal Corp shares had fallen by 3.1% this
quarter and
gained 24.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
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 "hold"
and
the breakdown of recommendations is 2 "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 "hold"

Wall Street's median 12-month price target for Federal Signal
Corp is $64.00 
This summary was machine generated from LSEG data November 2 at
02:26 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.66           0.71           Beat
 Jun. 30 2023      0.62           0.67           Beat
 Mar. 31 2023      0.40           0.46           Beat
 Dec. 31 2022      0.56           0.57           Beat