Powell Industries Inc reports results for the quarter ended in September - Earnings Summary
05/12/2023 22:55
* Powell Industries Inc POWL.OQ reported quarterly
adjusted
earnings of $1.95 per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 73 cents. The mean expectation of
two analysts for the quarter was for earnings of $1.21 per
share. Wall Street expected results to range from $1.17
to $1.24 per share.
* Revenue rose 28.3% to $208.64 million from a year ago;
analysts
expected $196.79 million.
* Powell Industries Inc's reported EPS for the quarter was
$2.17.
* The company reported quarterly net income of $26.44
million.
* Powell Industries Inc shares had risen by 9.7% this
quarter and
gained 158.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged 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 $81.00
This summary was machine generated from LSEG data December 5 at
10:54 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 2023 1.21 1.95 Beat
Jun. 30 2023 0.66 1.52 Beat
Mar. 31 2023 0.21 0.70 Beat
Dec. 31 2022 0.03 0.10 Beat