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

Griffon

03/05/2023 14:32

* Griffon Corp  GFF.N  reported quarterly adjusted earnings
of
$1.21​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
65 cents per share.
    * Revenue fell 8.8% to $710.98 million from a year ago;
analysts
expected $719.04 million. 
    * Griffon Corp's reported EPS for the quarter was a loss of
$1.17​.
    * The mean earnings estimate of analysts had fallen by
about 15.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Griffon Corp shares had fallen by 11.2% this quarter and
lost 20.6% so far this year.
    * The company reported a quarterly loss of $62.26 million.
    * Wall Street's median 12-month price target for Griffon
Corp is
$50.00 
    * 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 May
3 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.65           1.21           Beat
 Dec. 31 2022      0.81           0.86           Beat
 Sep. 30 2022      0.78           1.09           Beat
 Jun. 30 2022      0.99           1.23           Beat