SPX Technologies Inc expected to post earnings of $1.25 a share - Earnings Preview

SPX Technologies

31/07/2024 02:48

* SPX Technologies Inc  SPXC.N   SPXC.K  is expected to show
a
rise in quarterly revenue when it reports  results on August 1
for the period ending June 30 2024
    * The Charlotte North Carolina-based  company is expected to
report a 16.2% increase in revenue to $492.082 million from
$423.3 million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for SPX Technologies Inc is
for
earnings of $1.25 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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
Technologies
Inc is $160.00​, above​ its last closing price of $145.28. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.03        1.04       1.25      Beat    19.7
 Jan. 1 2024   1.27        1.26       1.25      Missed  -1.1
 Sep. 30 2023  0.97        0.97       1.06      Beat    9.3​
 Jun. 30 2023  0.83        0.83       1.06      Beat    27.7
 ​​Jan.        0.60        0.60       0.93      Beat    54
 1 0001                                                 
 Dec. 31 2022  0.97        0.98       1.17      Beat    19.9​
 Sep. 30 2022  0.66        0.66       0.81      Beat    23.1
 Jun. 30 2022  0.64        0.63       0.71      Beat    12
 This summary was machine generated July 31 at 01:48 GMT.  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)