Gulf Island Fabrication Inc reports results for the quarter ended in June - Earnings Summary

Gulf Island Fabrication

06/08/2024 23:05

* Gulf Island Fabrication Inc  GIFI.OQ  reported quarterly
adjusted earnings of 11 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 7 cents.  The lone analyst forecast for
the quarter was for earnings of 13 cents per share. 
    * Revenue was $41.26 million​; analysts expected $44.50
million. 
    * Gulf Island Fabrication Inc shares had held steady so far
this
quarter and gained 40.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.9%
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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil related
services and equipment peer group is also "buy"

Wall Street's median 12-month price target for Gulf Island
Fabrication Inc is $8.00 
This summary was machine generated from LSEG data August 6 at
10:05 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
 Jan. 1 0001       0.13           0.11           Missed
 Mar. 31 2024      0.08           0.37           Beat
 Dec. 31 2023      -0.02          0.43           Beat
 Sep. 30 2023      -0.05          -2.04          Missed