Griffon Corp expected to post earnings of 84 cents a share - Earnings Preview

Griffon

06/05/2024 16:40

* Griffon Corp  GFF.N   GFF  is expected to show a fall in
quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The New York City-based  company is expected to report a
11.4% decrease in revenue to $629.98 million from $710.98
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Griffon Corp is for
earnings
of 84 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 5 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Griffon
Corp is
$84.00​, above​ its last closing price of $69.13. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.76        0.75       1.07      Beat    42.4
 Sep. 30 2023  0.96        0.95       1.19      Beat    25.3
 Jun. 30 2023  0.97        0.94       1.29      Beat    37.8​
 Mar. 31 2023  0.65        0.65       1.21      Beat    86.7
 ​​Dec.        0.80        0.81       0.86      Beat    5.9
 31 2022                                                
 Sep. 30 2022  0.77        0.78       1.09      Beat    40.5​
 Jun. 30 2022  1.02        0.99       1.23      Beat    24.7
 Mar. 31 2022  0.32        0.33       1.37      Beat    310.2
 This summary was machine generated May 6 at 15:40 GMT.  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)