Phinia Inc PHIN.N reported quarterly adjusted earnings of $1.27 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 88 cents. The mean expectation of four analysts for the quarter was for earnings of $1.03 per share. Wall Street expected results to range from 84 cents to $1.15 per share.
Revenue was $890.00 million; analysts expected $872.60 million.
Phinia Inc's reported EPS for the quarter was $1.14.
The company reported quarterly net income of $46 million.
Phinia Inc shares had risen by 10.0% this quarter and gained 1.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 9.5% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is also "buy"
Wall Street's median 12-month price target for Phinia Inc is $52.00, about 5.9% above its last closing price of $48.93
This summary was machine generated from LSEG data July 24 at 01:33 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)