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

Park Ohio Holdings

08/08/2024 24:15

* Park Ohio Holdings Corp  PKOH.OQ  reported quarterly
adjusted
earnings of $1.02​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 83 cents.  The lone analyst forecast for the
quarter was for earnings of 94 cents per share. 
    * Revenue rose 1.1% to $432.60 million from a year ago;
analysts
expected $449.40 million. 
    * Park Ohio Holdings Corp's reported EPS for the quarter was
92
cents​.
    * The company reported quarterly net income of $11.9
million.
    * Park Ohio Holdings Corp shares had risen by 6.5% this
quarter and gained 2.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.4%
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 "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 August 7 at
11:15 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
 Jun. 30 2024      0.94           1.02           Beat
 Mar. 31 2024      0.79           0.85           Beat
 Dec. 31 2023      0.56           0.54           Missed
 Sep. 30 2023      0.80           0.99           Beat