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

Nordson

21/08/2024 22:01

* Nordson Corp  NDSN.OQ  reported quarterly adjusted
earnings of
$2.41​​ per share for the quarter ended in July, higher than the
same quarter last year, when the company reported EPS of $2.35. 
The mean expectation of eight analysts for the quarter was
for earnings of $2.33 per share. Wall Street expected results to
range from $2.30  to $2.38 per share.
    * Revenue rose 2% to $661.60 million from a year ago;
analysts
expected $656.23 million. 
    * Nordson Corp's reported EPS for the quarter was $2.04​.
    * The company reported quarterly net income of $117.33
million.
    * Nordson Corp shares had risen by 3.2% this quarter and
lost 9.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "hold"

Wall Street's median 12-month price target for Nordson Corp is
$280.98 
This summary was machine generated from LSEG data August 21 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
 Jul. 31 2024      2.33           2.41           Beat
 Apr. 30 2024      2.31           2.34           Beat
 Jan. 31 2024      2.04           2.21           Beat
 Oct. 31 2023      2.39           2.46           Beat