Park Ohio Holdings Corp reports results for the quarter ended in September 30 - Earnings Summary

Park Ohio Holdings

07/11/2024 17:25

* Park Ohio Holdings Corp  PKOH.OQ  reported quarterly
adjusted
earnings of $1.07​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 99 cents.  The mean expectation of two analysts
for the quarter was for earnings of 89 cents per share. Wall
Street expected results to range from 86 cents to 92 cents per
share.
    * Revenue fell 0.3% to $417.60 million from a year ago;
analysts
expected $438.70 million. 
    * Park Ohio Holdings Corp's reported EPS for the quarter was
73
cents​.
    * The company reported quarterly net income of $9.8 million.
    * Park Ohio Holdings Corp shares had risen by 8.8% this
quarter and gained 23.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.3%
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 November 7 at
05:25 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
 Sep. 30 2024      0.89           1.07           Beat
 Jun. 30 2024      0.94           1.02           Beat
 Mar. 31 2024      0.79           0.85           Beat
 Dec. 31 2023      0.56           0.54           Missed