LCI Industries reports results for the quarter ended in June - Earnings Summary

LCI Industries

06/08/2024 14:31

* LCI Industries  LCII.N  reported quarterly adjusted
earnings of
$2.40​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of $1.31. 
The mean expectation of nine analysts for the quarter was
for earnings of $2.16 per share. Wall Street expected results to
range from $1.79  to $2.81 per share.
    * Revenue rose 3.9% to $1.05 billion from a year ago;
analysts
expected $1.05 billion. 
    * LCI Industries's reported EPS for the quarter was $2.40​.
    * The company reported quarterly net income of $61.16
million.
    * LCI Industries shares had risen by 0.9% this quarter and
lost 17.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "hold"

Wall Street's median 12-month price target for LCI Industries is
$115.00 
This summary was machine generated from LSEG data August 6 at
01:30 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      2.16           2.40           Beat
 Mar. 31 2024      0.52           1.44           Beat
 Dec. 31 2023      0.18           -0.09          Missed
 Sep. 30 2023      1.51           1.02           Missed