H.B. Fuller Company reports results for the quarter ended in May - Earnings Summary

H.B. Fuller

26/06/2024 22:21

* H.B. Fuller Company  FUL.N  reported quarterly adjusted
earnings
of $1.12​​ per share for the quarter ended in May, higher than
the same quarter last year, when the company reported EPS of 93
cents.  The mean expectation of six analysts for the quarter was
for earnings of $1.03 per share. Wall Street expected results to
range from 99 cents to $1.06 per share.
    * Revenue rose 2.1% to $917.11 million from a year ago;
analysts
expected $914.12 million. 
    * H.B. Fuller Company's reported EPS for the quarter was 91
cents​.
    * The company reported quarterly net income of $51.26
million.
    * H.B. Fuller Company shares had fallen by 4.3% this
quarter and
lost 6.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6% 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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the specialty
chemicals
peer group is also "hold"

Wall Street's median 12-month price target for H.B. Fuller
Company is $90.00 
This summary was machine generated from LSEG data June 26 at
09:21 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
 May. 31 2024      1.03           1.12           Beat
 Feb. 29 2024      0.64           0.67           Beat
 Nov. 30 2023      1.27           1.32           Beat
 Aug. 31 2023      1.14           1.06           Missed