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

JBT Marel

31/07/2024 24:34

* John Bean Technologies Corp  JBT.N  reported quarterly
adjusted
earnings of $1.05​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 97 cents.  The mean expectation of four analysts
for the quarter was for earnings of $1.25 per share. Wall Street
expected results to range from $1.20  to $1.28 per share.
    * Revenue fell 5.9% to $402.30 million from a year ago;
analysts
expected $432.60 million. 
    * John Bean Technologies Corp's reported EPS for the quarter
was
95 cents​.
    * The company reported quarterly net income of $30.7
million.
    * John Bean Technologies Corp shares had risen by 2.6% this
quarter and lost 2.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 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 July 30 at
11:33 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 2024      1.25           1.05           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