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

Ituran Location and Control

27/11/2023 14:31

* Ituran Location and Control Ltd  ITRN.OQ  reported
quarterly
adjusted earnings of 63 cents​​ per share for the quarter ended
in September, higher than the same quarter last year, when the
company reported EPS of 49 cents.  The lone analyst forecast for
the quarter was for earnings of 58 cents per share. 
    * Revenue rose 11.5% to $81.05 million from a year ago;
analysts
expected $82.10 million. 
    * Ituran Location and Control Ltd's reported EPS for the
quarter
was 63 cents​.
    * The company reported quarterly net income of $12.51
million.
    * Ituran Location and Control Ltd shares had fallen by 16.8%
this
quarter and gained 17.7% 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 "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
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Ituran Location
and Control Ltd is $35.00 
This summary was machine generated from LSEG data November 27 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.58           0.63           Beat
 Jun. 30 2023      0.53           0.61           Beat
 Mar. 31 2023      0.53           0.56           Beat
 Dec. 31 2022      0.52           0.47           Missed