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

Griffon

07/08/2024 14:53

* Griffon Corp  GFF.N  reported quarterly adjusted earnings
of
$1.24​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $1.29. 
The mean expectation of five analysts for the quarter was
for earnings of $1.31 per share. Wall Street expected results to
range from $1.22  to $1.46 per share.
    * Revenue fell 5.2% to $647.81 million from a year ago;
analysts
expected $688.94 million. 
    * Griffon Corp's reported EPS for the quarter was 84 cents​.
    * The company reported quarterly net income of $41.09
million.
    * Griffon Corp shares had risen by 8.9% this quarter and
gained 14.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.8%
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
"strong buy"
and the breakdown of recommendations is 5 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is also "strong buy"

Wall Street's median 12-month price target for Griffon Corp is
$90.00 
This summary was machine generated from LSEG data August 7 at
01:53 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
 Jun. 30 2024      1.31           1.24           Missed
 Mar. 31 2024      0.84           1.35           Beat
 Dec. 31 2023      0.75           1.07           Beat
 Sep. 30 2023      0.95           1.19           Beat