Loar Holdings Inc reports results for the quarter ended September 30 - Earnings Summary

Loar Holdings

13/11/2024 15:16

* Loar Holdings Inc  LOAR.N  reported quarterly adjusted
earnings
of 15 cents​​ per share for the quarter ended September 30.  The
mean expectation of four analysts for the quarter was
for earnings of 13 cents per share.  13 cents per share.
    * Revenue was $103.52 million​; analysts expected $97.53
million. 
    * Loar Holdings Inc's reported EPS for the quarter was 9
cents​.
    * The company reported quarterly net income of $8.66
million.
    * Loar Holdings Inc shares had risen by 18.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.9%
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 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "buy"

Wall Street's median 12-month price target for Loar Holdings Inc
is 94.00 
This summary was machine generated from LSEG data November 13 at
03:16 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
 Sep. 30 2024      0.13           0.15           Beat
 Jun. 30 2024      0.10           0.13           Beat