SPX Corp expected to post earnings of 46 cents a share - Earnings Preview

SPX Technologies

04/08/2021 03:02

* SPX Corp  SPXC.N   SPXC.K  is expected to show a fall in
quarterly revenue when it reports results on August 5. 
* The Charlotte, North Carolina-based company is expected to
report   a 20.6% decrease in revenue to $294.596 million from
$371.2 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 46 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 6 "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​, about 11.5% above​ its last closing price of $65.50. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.65        0.67       0.68      Beat    2.3
 Dec. 31 2020  0.95        0.94       0.89      Missed  -5.2
 Sep. 30 2020  0.50        0.50       0.64      Beat    28​
 Jun. 30 2020  0.47        0.46       0.64      Beat    39.1
 Mar.          0.52​       0.52       0.62      Beat    19.2​
 31​ 2020​                                              
 Dec. 31 2019  0.92        0.92       0.96      Beat    3.9​
 Sep. 30 2019  0.51        0.51       0.60      Beat    17.6
 Jun. 30 2019  0.52        0.52       0.67      Beat    28.8
 This summary was machine generated August 4 at 02:01 GMT.  All
figures in US dollars unless otherwise stated