Powell Industries Inc reports results for the quarter ended in December - Earnings Summary

Powell Industries

30/01/2024 22:45

* Powell Industries Inc  POWL.OQ  reported quarterly
adjusted
earnings of $1.98​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 10 cents.  The mean expectation of two analysts
for the quarter was for earnings of 84 cents per share. Wall
Street expected results to range from 68 cents to $1.00 per
share.
    * Revenue rose 52.9% to $194.02 million from a year ago;
analysts
expected $182.04 million. 
    * Powell Industries Inc's reported EPS for the quarter was
$1.98​.
    * The company reported quarterly net income of $24.09
million.
    * Powell Industries Inc shares had fallen by 9.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 50% 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." 
    * Wall Street's median 12-month price target for Powell
Industries
Inc is $85.00 

This summary was machine generated from LSEG data January 30 at
10:45 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      0.84           1.98           Beat
 Sep. 30 2023      1.21           1.95           Beat
 Jun. 30 2023      0.66           1.52           Beat
 Mar. 31 2023      0.21           0.70           Beat