Park Ohio Holdings Corp reports results for the quarter ended in December - Earnings Summary

Park Ohio Holdings

05/03/2024 23:29

* Park Ohio Holdings Corp  PKOH.OQ  reported quarterly
adjusted
earnings of 54 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -9 cents.  The mean expectation of
two analysts for the quarter was for earnings of 56 cents per
share. Wall Street expected results to range from 45 cents to 66
cents per share.
    * Revenue rose 2% to $389.30 million from a year ago;
analysts
expected $386.45 million. 
    * Park Ohio Holdings Corp's reported EPS for the quarter was
54
cents​.
    * The company reported quarterly net income of $6.9 million.
    * Park Ohio Holdings Corp shares had fallen by 1.7% this
quarter.

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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "hold"

This summary was machine generated from LSEG data March 5 at
11:29 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
 Dec. 31 2023      0.56           0.54           Missed
 Sep. 30 2023      0.80           0.99           Beat
 Jun. 30 2023      0.80           0.83           Beat
 Mar. 31 2023      0.54           0.72           Beat