Overview
Italy air heat exchanger maker's Q1 sales rose 13% yr/yr to EUR 151 mln
Order backlog hit all-time high, up 43% yr/yr to EUR 300.9 mln
Outlook
Company did not provide specific guidance or outlook for future quarters
Result Drivers
Order backlog hit all-time high, up 43% yr/yr to EUR 300.9 mln
Company press release: ID:nBIA4PwhpF
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 151 mln
Q1 Order Backlog
EUR 300.9 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for Lu-Ve SpA is €47.40, about 16.9% above its April 2 closing price of €40.55
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
