JBT Marel Corp reports results for the quarter ended December 31 - Earnings Summary

JBT Marel

24/02/2025 23:35

* JBT Marel Corp  JBTM.N  reported quarterly adjusted
earnings of
$1.70​​ per share for the quarter ended December 31, higher than
the same quarter last year, when the company reported EPS of
$1.40.  The mean expectation of seven analysts for the quarter
was for earnings of $1.82 per share. Wall Street expected
results to range from $1.71  to $1.88 per share.
    * Revenue rose 5.2% to $467.60 million from a year ago;
analysts
expected $489.07 million. 
    * JBT Marel Corp's reported EPS for the quarter was a loss
of 21
cents​.
    * The company reported a quarterly loss of $7 million.
    * JBT Marel Corp shares had fallen by 6.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.5%
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 4 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for JBT Marel Corp is
$139.00 
This summary was machine generated from LSEG data February 24 at
11:35 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
 Dec. 31 2024      1.82           1.70           Missed
 Sep. 30 2024      1.41           1.50           Beat
 Jun. 30 2024      1.25           1.05           Missed
 Mar. 31 2024      0.85           0.85           Met