Northern Technologies International Corp reports results for the quarter ended in May - Earnings Summary

Northern Technologies International

11/07/2024 14:32

* Northern Technologies International Corp  NTIC.OQ 
reported
quarterly adjusted earnings of 11 cents​​ per share for the
quarter ended in May, lower than the same quarter last year,
when the company reported EPS of 17 cents.  The lone analyst
forecast for the quarter was for earnings of 24 cents per share.
    * Revenue fell 1.3% to $20.69 million from a year ago;
analysts
expected $23.00 million. 
    * Northern Technologies International Corp's reported EPS
for the
quarter was 10 cents​.
    * The company reported quarterly net income of $976.6
thousand.
    * Northern Technologies International Corp shares had fallen
by 5.1% this quarter and gained 33.2% 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 July 11 at
01:31 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
 May. 31 2024      0.24           0.11           Missed
 Feb. 29 2024      0.17           0.18           Beat
 Nov. 30 2023      0.18           0.10           Missed
 Aug. 31 2023      0.18           0.03           Missed