Northern Technologies International Corp reports results for the quarter ended August 31 - Earnings Summary

Northern Technologies International

19/11/2024 14:32

* Northern Technologies International Corp  NTIC.OQ 
reported
quarterly adjusted earnings of 20 cents​​ per share for the
quarter ended August 31, higher than the same quarter last year,
when the company reported EPS of 3 cents.  The lone analyst
forecast for the quarter was for earnings of 19 cents per share.
    * Revenue rose 12.7% to $23.35 million from a year ago;
analysts
expected $22.50 million. 
    * Northern Technologies International Corp's reported EPS
for the
quarter was 19 cents​.
    * The company reported quarterly net income of $1.84
million.
    * Northern Technologies International Corp shares had risen
by 7.7% this quarter and gained 12.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Northern
Technologies International Corp is $20.00 
This summary was machine generated from LSEG data November 19 at
02:31 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
 Aug. 31 2024      0.19           0.20           Beat
 May. 31 2024      0.24           0.11           Missed
 Feb. 29 2024      0.17           0.18           Beat
 Nov. 30 2023      0.18           0.10           Missed