Ituran Location and Control Ltd reports results for the quarter ended in June - Earnings Summary

Ituran Location and Control

15/08/2023 13:00

* Ituran Location and Control Ltd  ITRN.OQ  reported
quarterly
adjusted earnings of 61 cents​​ per share for the quarter ended
in June. The lone analyst forecast for the quarter was
for earnings of 53 cents per share.
    * Revenue rose 11.3% to $81.65 million from a year ago;
analysts
expected $80.90 million. 
    * Ituran Location and Control Ltd's reported EPS for the
quarter
was 61 cents​.
    * 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. 
    * Ituran Location and Control Ltd shares had risen by 19.7%
this
quarter and gained 32.2% so far this year.
    * The company reported quarterly net income of $12.25
million.
    * Wall Street's median 12-month price target for Ituran
Location
and Control Ltd is $30.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 15 at 12:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.53           0.61           Beat
 Mar. 31 2023      0.53           0.56           Beat
 Dec. 31 2022      0.52           0.47           Missed
 Sep. 30 2022      0.46           0.49           Beat