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

Loar Holdings

13/08/2024 14:51

* Loar Holdings Inc  LOAR.N  reported quarterly adjusted
earnings
of 13 cents​​ per share for the quarter ended in June.  The mean
expectation of three analysts for the quarter was for earnings
of 10 cents per share. Wall Street expected results to range
from 9 cents to 11 cents per share.
    * Revenue was $97.02 million​; analysts expected $91.70
million. 
    * Loar Holdings Inc's reported EPS for the quarter was 9
cents​.
    * The company reported quarterly net income of $7.64
million.
    * Loar Holdings Inc shares had risen by 16.7% this quarter.

FORECAST CHANGES
    * 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
"strong buy"
and the breakdown of recommendations is 3 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "strong buy"

Wall Street's median 12-month price target for Loar Holdings Inc
is $65.00 
This summary was machine generated from LSEG data August 13 at
01:51 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      0.10           0.13           Beat