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

Limbach Holdings

06/08/2024 23:34

* Limbach Holdings Inc  LMB.OQ  reported quarterly adjusted
earnings of 50 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 46 cents.  The mean expectation of two analysts
for the quarter was for earnings of 37 cents per share. 
    * Revenue fell 2.1% to $122.24 million from a year ago;
analysts
expected $122.65 million. 
    * Limbach Holdings Inc's reported EPS for the quarter was 50
cents​.
    * The company reported quarterly net income of $5.96
million.
    * Limbach Holdings Inc shares had fallen by 7.8% this
quarter and
gained 15.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.9%
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 $58.00 
This summary was machine generated from LSEG data August 6 at
10:34 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      0.37           0.50           Beat
 Mar. 31 2024      0.34           0.64           Beat
 Dec. 31 2023      0.40           0.44           Beat
 Sep. 30 2023      0.32           0.61           Beat