SPX Technologies Inc reports results for the quarter ended December 31 - Earnings Summary

SPX Technologies

25/02/2025 22:44

SPX Technologies Inc SPXC.N reported quarterly adjusted earnings of $1.51​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.25.  The mean expectation of six analysts for the quarter was for earnings of $1.51 per share. Wall Street expected results to range from $1.48  to $1.55 per share.

Revenue rose 13.7% to $533.70 million from a year ago; analysts expected $532.72 million.

SPX Technologies Inc's reported EPS for the quarter was $1.19​.

The company reported quarterly net income of $56.5 million.

SPX Technologies Inc shares had fallen by 8.2% this quarter.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 0.3% 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 "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for SPX Technologies Inc is $167.50

This summary was machine generated from LSEG data February 25 at 10:44 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
Dec. 31 2024
1.51
1.51
Met
Sep. 30 2024
1.36
1.39
Beat
Jun. 30 2024
1.25
1.42
Beat
Mar. 31 2024
1.04
1.25
Beat