John Bean Technologies Corp reports results for the quarter ended in January - Earnings Summary

JBT Marel

02/05/2024 19:58

* John Bean Technologies Corp  JBT.N  reported quarterly
adjusted
earnings of 85 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 94 cents.  The mean expectation of four analysts
for the quarter was for earnings of 85 cents per share. Wall
Street expected results to range from 78 cents to 90 cents per
share.
    * Revenue fell 25.9% to $392.30 million from a year ago;
analysts
expected $396.43 million. 
    * John Bean Technologies Corp's reported EPS for the quarter
was
71 cents​.
    * The company reported quarterly net income of $22.8
million.
    * John Bean Technologies Corp shares had fallen by 15.3%
this
quarter and lost 10.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is  "hold."

Wall Street's median 12-month price target for John Bean
Technologies Corp is $121.00 
This summary was machine generated from LSEG data May 2 at 06:57
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
 Mar. 31 2024      0.85           0.85           Met
 Dec. 31 2023      1.36           1.40           Beat
 Sep. 30 2023      0.99           1.11           Beat
 Jun. 30 2023      0.95           0.97           Beat