SPX Corp expected to post earnings of 44 cents a share - Earnings Preview

SPX Technologies

02/11/2021 02:04

* SPX Corp  SPXC.N   SPXC.K  is expected to show a fall in
quarterly revenue when it reports  results on November 3. 
* The Charlotte, North Carolina-based company is expected to
report  a 18.7% decrease in revenue to $295.016 million from
$362.9 million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for SPX Corp is for
earnings of 44 cents per share. For the same quarter last year,
the company reported earnings of 64 cents per share.
* The current average analyst rating on the shares is "strong
buy" and the breakdown of recommendations is 5 "strong buy" or
"buy," no "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
$74.5​, about 19.2% above​ its last closing price of $60.19. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 302021   0.46        0.46       0.49      Beat    5.6
 Mar. 312021   0.65        0.67       0.68      Beat    2.3
 Dec. 312020   0.95        0.94       0.89      Missed  -5.2​
 Sep. 302020   0.50        0.50       0.64      Beat    28
 ​​Jun.        0.47        0.46       0.64      Beat    39.1
 302020                                                 
 Mar. 312020   0.52        0.52       0.62      Beat    19.2​
 Dec. 312019   0.92        0.92       0.96      Beat    3.9
 Sep. 302019   0.51        0.51       0.60      Beat    17.6
 This summary was machine generated November 2 at 02:04 GMT.  All
figures in US dollars unless otherwise stated