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

SPX Technologies

24/02/2023 24:58

* SPX Technologies Inc  SPXC.N  reported quarterly adjusted
earnings of $1.17​​ per share for the quarter ended in December.
The mean expectation of five analysts for the quarter was
for earnings of 98 cents per share.
    * Revenue rose 22.7% to $429.30 million from a year ago;
analysts
expected $415.87 million. 
    * SPX Technologies Inc's reported EPS for the quarter was a
loss
of 60 cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.7%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * SPX Technologies Inc shares had risen by 10.3% this
quarter.
    * The company reported a quarterly loss of $27.3 million.
    * Wall Street's median 12-month price target for SPX
Technologies
Inc is $80.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
24 at 12:58 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.98           1.17           Beat
 Sep. 30 2022      0.66           0.81           Beat
 Jun. 30 2022      0.63           0.71           Beat
 Mar. 31 2022      0.35           0.40           Beat