Griffon Corp reports results for the quarter ended September 30 - Earnings Summary

Griffon

13/11/2024 15:24

* Griffon Corp  GFF.N  reported quarterly adjusted earnings
of
$1.47​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $1.19.  The mean expectation of five analysts for the quarter
was for earnings of $1.18 per share. Wall Street expected
results to range from $1.11  to $1.22 per share.
    * Revenue rose 2.9% to $659.67 million from a year ago;
analysts
expected $641.24 million. 
    * Griffon Corp's reported EPS for the quarter was $1.29​.
    * The company reported quarterly net income of $62.49
million.
    * Griffon Corp shares had fallen by 2.7% this quarter and
gained 11.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 November 13 at
03:24 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
 Sep. 30 2024      1.18           1.47           Beat
 Jun. 30 2024      1.31           1.24           Missed
 Mar. 31 2024      0.84           1.35           Beat
 Dec. 31 2023      0.75           1.07           Beat