L B Foster Co reports results for the quarter ended in March - Earnings Summary

L B Foster

07/05/2024 15:23

* L B Foster Co  FSTR.OQ  reported quarterly adjusted
earnings of
40 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -20
cents.  The mean expectation of two analysts for the quarter was
for a loss of 2 cents per share. Wall Street expected results to
range from -16 cents to 11 cents per share.
    * Revenue rose 7.6% to $124.32 million from a year ago;
analysts
expected $114.51 million. 
    * L B Foster Co's reported EPS for the quarter was 40
cents​.
    * The company reported quarterly net income of $4.44
million.
    * L B Foster Co shares had fallen by 11.0% this quarter and
gained 10.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 120.8% 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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for L B Foster
Co is
$23.00 

This summary was machine generated from LSEG data May 7 at 02:22
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      -0.02          0.40           Beat
 Dec. 31 2023      0.01           -0.04          Missed
 Sep. 30 2023      0.25           0.05           Missed
 Jun. 30 2023      0.27           0.32           Beat