Overview
Measurement tech firm's Q4 net sales grew 3% organically, meeting analyst expectations
Adjusted EBIT for Q4 beat analyst estimates
Adjusted EPS for Q4 decreased compared to last year
Result Drivers
ORGANIC GROWTH - Hexagon reported 3% organic growth in net sales and recurring revenue
GROSS MARGIN IMPROVEMENT - Co achieved a gross margin of 67.5%, up from 66.7% last year
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Meet
EUR 1.43 bln
EUR 1.43 bln (11 Analysts)
Q4 Adjusted EPS
EUR 0.12
Q4 Adjusted EBIT
Beat
EUR 420.30 mln
EUR 398.56 mln (11 Analysts)
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 10 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the electronic equipment & parts peer group is "buy."
Wall Street's median 12-month price target for Hexagon AB is SEK115.00, about 15.6% above its January 29 closing price of SEK99.50
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 23 three months ago
Press Release: ID:nWkr6hhBrq
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
