Griffon Corp reports results for the quarter ended in June - Earnings Summary

Griffon

02/08/2023 14:32

* Griffon Corp  GFF.N  reported quarterly adjusted earnings
of
$1.29​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for earnings of
94 cents per share.
    * Revenue fell 11% to $683.43 million from a year ago;
analysts
expected $701.82 million. 
    * Griffon Corp's reported EPS for the quarter was 90 cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Griffon Corp shares had risen by 7.1% this quarter and
gained 28.6% so far this year.
    * The company reported quarterly net income of $49.21
million.
    * Wall Street's median 12-month price target for Griffon
Corp is
$55.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.94           1.29           Beat
 Mar. 31 2023      0.65           1.21           Beat
 Dec. 31 2022      0.81           0.86           Beat
 Sep. 30 2022      0.78           1.09           Beat