JBT Marel Corp reports results for the quarter ended June 30 - Earnings Summary
JBT Marel Corp reports results for the quarter ended June 30 - Earnings Summary
JBT Marel Corp JBTM.N reported quarterly adjusted earnings of $1.95 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.49. The mean expectation of six analysts for the quarter was for earnings of $2.02 per share. Wall Street expected results to range from $1.95 to $2.10 per share.
Revenue rose 4.9% to $981.00 million from a year ago; analysts expected $988.47 million.
JBT Marel Corp's reported EPS for the quarter was 54 cents.
The company reported quarterly net income of $28 million.
JBT Marel Corp shares had fallen by 4.5% this quarter and lost 8.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.9% 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 6 "strong buy" or "buy," no "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 $176.67, about 19.5% above its last closing price of $142.25
This summary was machine generated from LSEG data August 3 at 09:38 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 |
Jun. 30 2026 | 2.02 | 1.95 | Missed |
Mar. 31 2026 | 1.48 | 1.58 | Beat |
Dec. 31 2025 | 1.93 | 1.98 | Beat |
Sep. 30 2025 | 1.50 | 1.94 | Beat |
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