Nordson Corp reports results for the quarter ended in April - Earnings Summary

Nordson

20/05/2024 22:02

* Nordson Corp  NDSN.OQ  reported quarterly adjusted
earnings of
$2.34​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of
$2.26.  The mean expectation of seven analysts for the quarter
was for earnings of $2.31 per share. Wall Street expected
results to range from $2.27  to $2.35 per share.
    * Revenue rose 0.1% to $650.64 million from a year ago;
analysts
expected $661.41 million. 
    * Nordson Corp's reported EPS for the quarter was $2.05​.
    * The company reported quarterly net income of $118.22
million.
    * Nordson Corp shares had fallen by 1.3% this quarter and
gained 2.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.4%
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 4 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is  "hold."

Wall Street's median 12-month price target for Nordson Corp is
$292.48 
This summary was machine generated from LSEG data May 20 at
09:01 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
 Apr. 30 2024      2.31           2.34           Beat
 Jan. 31 2024      2.04           2.21           Beat
 Oct. 31 2023      2.39           2.46           Beat
 Jul. 31 2023      2.32           2.35           Beat