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

LCI Industries

08/05/2024 14:52

* LCI Industries  LCII.N  reported quarterly adjusted
earnings of
$1.44​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 29
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 52 cents per share. Wall Street expected
results to range from 39 cents to 65 cents per share.
    * Revenue fell 0.5% to $968.03 million from a year ago;
analysts
expected $960.52 million. 
    * LCI Industries's reported EPS for the quarter was $1.44​.
    * The company reported quarterly net income of $36.55
million.
    * LCI Industries shares had fallen by 14.7% this quarter and
lost 16.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 50%
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 2 "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
$110.00 
This summary was machine generated from LSEG data May 8 at 01:52
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      0.52           1.44           Beat
 Dec. 31 2023      0.18           -0.09          Missed
 Sep. 30 2023      1.51           1.02           Missed
 Jun. 30 2023      1.24           1.31           Beat