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

Park Ohio Holdings

02/11/2023 08:09

* Park Ohio Holdings Corp  PKOH.OQ  reported quarterly
adjusted
earnings of 88 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 52 cents.  The mean expectation of
two analysts for the quarter was for earnings of 80 cents per
share. Wall Street expected results to range from 78 cents to 82
cents per share.
    * Revenue fell 3.9% to $418.80 million from a year ago;
analysts
expected $406.05 million. 
    * Park Ohio Holdings Corp's reported EPS for the quarter was
99
cents​.
    * The company reported quarterly net income of $11.1
million.
    * Park Ohio Holdings Corp shares had risen by 15.3% this
quarter and gained 87.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.1%
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 2 at
08:09 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.80           0.88           Beat
 Jun. 30 2023      0.80           0.83           Beat
 Mar. 31 2023      0.54           0.72           Beat
 Dec. 31 2022      0.46           -0.09          Missed