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

Griffon

08/05/2024 15:42

* Griffon Corp  GFF.N  reported quarterly adjusted earnings
of
$1.35​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$1.21.  The mean expectation of five analysts for the quarter
was for earnings of 84 cents per share. Wall Street expected
results to range from 76 cents to 94 cents per share.
    * Revenue fell 5.4% to $672.88 million from a year ago;
analysts
expected $629.98 million. 
    * Griffon Corp's reported EPS for the quarter was $1.28​.
    * The company reported quarterly net income of $64.14
million.
    * Griffon Corp shares had fallen by 7.6% this quarter and
gained 11.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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
$84.00 
This summary was machine generated from LSEG data May 8 at 02:41
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
 Mar. 31 2024      0.84           1.35           Beat
 Dec. 31 2023      0.75           1.07           Beat
 Sep. 30 2023      0.95           1.19           Beat
 Jun. 30 2023      0.94           1.29           Beat