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

GPGI (Nevada)

08/08/2024 24:31

* CompoSecure Inc  CMPO.OQ  reported quarterly adjusted
earnings
of 27 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 25 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 25 cents per share. Wall Street
expected results to range from 16 cents to 27 cents per share.
    * Revenue rose 10.2% to $108.57 million from a year ago;
analysts
expected $103.25 million. 
    * CompoSecure Inc's reported EPS for the quarter was 11
cents​.
    * The company reported quarterly net income of $11.1
million.
    * CompoSecure Inc shares had risen by 15.4% this quarter and
gained 52.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3% 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 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for CompoSecure Inc
is $11.75 
This summary was machine generated from LSEG data August 7 at
11:30 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
 Jan. 1 0001       0.25           0.27           Beat
 Mar. 31 2024      0.25           0.25           Met
 Dec. 31 2023      0.23           0.26           Beat
 Sep. 30 2023      0.25           0.24           Missed