Limbach Holdings Inc reports results for the quarter ended in December - Earnings Summary

Limbach Holdings

13/03/2024 22:33

* Limbach Holdings Inc  LMB.OQ  reported quarterly adjusted
earnings of 44 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 35 cents.  The mean expectation of
two analysts for the quarter was for earnings of 40 cents per
share. 
    * Revenue fell 0.6% to $142.69 million from a year ago;
analysts
expected $129.38 million. 
    * Limbach Holdings Inc's reported EPS for the quarter was 44
cents​.
    * The company reported quarterly net income of $5.25
million.
    * Limbach Holdings Inc shares had risen by 9.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
&
engineering peer group is also "buy"

Wall Street's median 12-month price target for Limbach Holdings
Inc is $42.00 
This summary was machine generated from LSEG data March 13 at
10:33 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
 Dec. 31 2023      0.40           0.44           Beat
 Sep. 30 2023      0.32           0.61           Beat
 Jun. 30 2023      0.16           0.46           Beat
 Mar. 31 2023      0.05           0.27           Beat