Powell Industries Inc reports results for the quarter ended in March - Earnings Summary
30/04/2024 23:33
* Powell Industries Inc POWL.OQ reported quarterly
adjusted
earnings of $2.75 per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 70 cents. The mean expectation of two analysts
for the quarter was for earnings of $1.78 per share. Wall Street
expected results to range from $1.66 to $1.89 per share.
* Revenue rose 48.8% to $255.11 million from a year ago;
analysts
expected $201.45 million.
* Powell Industries Inc's reported EPS for the quarter was
$2.75.
* The company reported quarterly net income of $33.49
million.
* Powell Industries Inc shares had risen by 5.2% this
quarter and
gained 69.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 52.4%
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 electrical
components & equipment peer group is also "hold"
Wall Street's median 12-month price target for Powell Industries
Inc is $128.00
This summary was machine generated from LSEG data April 30 at
10:32 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
Mar. 31 2024 1.78 2.75 Beat
Dec. 31 2023 0.84 1.98 Beat
Sep. 30 2023 1.21 1.95 Beat
Jun. 30 2023 0.66 1.52 Beat