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

SPX Technologies

23/02/2024 14:16

* SPX Technologies Inc  SPXC.N  reported quarterly adjusted
earnings of $1.25​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $1.17.  The mean expectation of five analysts
for the quarter was for earnings of $1.26 per share. Wall Street
expected results to range from $1.25  to $1.31 per share.
    * Revenue rose 9.3% to $469.40 million from a year ago;
analysts
expected $481.94 million. 
    * SPX Technologies Inc's reported EPS for the quarter was 67
cents​.
    * The company reported quarterly net income of $31.5
million.
    * SPX Technologies Inc shares had risen by 10.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
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 4 "strong buy" or "buy," 1
"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 $108.50 
This summary was machine generated from LSEG data February 23 at
02:16 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 2023      1.26           1.25           Missed
 Sep. 30 2023      0.97           1.06           Beat
 Jun. 30 2023      0.83           1.06           Beat
 Mar. 31 2023      0.60           0.93           Beat