SPX Corp expected to post earnings of 35  cents a share - Earnings Preview

SPX Technologies

03/05/2022 03:08

* SPX Corp  SPXC.N   SPXC.K  is expected to show a fall in
quarterly revenue when it reports  results on May 4. 
    * The Charlotte North Carolina-based  company is expected to
report  a 24.0% decrease in revenue to $302.975 million from
$398.5 million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for SPX Corp is for
earnings
of 35 cents per share. For the same quarter last year, the
company reported earnings of 68 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for SPX Corp is
$72.5​, above​ its last closing price of $43.54. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  0.83        0.83       0.88      Beat    5.5
 Sep. 30 2021  0.47        0.44       0.41      Missed  -7.7
 Jun. 30 2021  0.46        0.46       0.49      Beat    5.6​
 Mar. 31 2021  0.65        0.67       0.68      Beat    2.3
 ​​Dec.        0.95        0.94       0.89      Missed  -5.2
 31 2020                                                
 Sep. 30 2020  0.50        0.50       0.64      Beat    28​
 Jun. 30 2020  0.47        0.46       0.64      Beat    39.1
 Mar. 31 2020  0.52        0.52       0.62      Beat    19.2
 This summary was machine generated May 3 at 02:08 GMT.  All
figures in US dollars  unless otherwise stated