Graham Corp reports results for the quarter ended in December - Earnings Summary

Graham

05/02/2024 14:31

* Graham Corp  GHM.N  reported quarterly adjusted earnings
of 2
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 3
cents.  The mean expectation of two analysts for the quarter was
for a loss of 4 cents per share. Wall Street expected results to
range from -4 cents to -3 cents per share.
    * Revenue rose 9.9% to $43.82 million from a year ago;
analysts
expected $38.94 million. 
    * Graham Corp's reported EPS for the quarter was 2 cents​.
    * The company reported quarterly net income of $165
thousand.
    * Graham Corp shares had risen by 4.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 40%
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 2 "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 "buy"

Wall Street's median 12-month price target for Graham Corp is
$22.75 
This summary was machine generated from LSEG data February 5 at
02:31 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
 Dec. 31 2023      -0.03          0.02           Beat
 Sep. 30 2023      -0.04          0.04           Beat
 Jun. 30 2023      -0.04          0.33           Beat
 Mar. 31 2023      -0.05          -0.05          Met