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

SPX Technologies

04/05/2023 22:48

* SPX Technologies Inc  SPXC.N  reported quarterly adjusted
earnings of 93 cents​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 60 cents per share.
    * Revenue rose 30.2% to $399.80 million from a year ago;
analysts
expected $331.04 million. 
    * SPX Technologies Inc's reported EPS for the quarter was 92
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * SPX Technologies Inc shares had fallen by 11.6% this
quarter and
lost 5.0% so far this year.
    * The company reported quarterly net income of $42.8
million.
    * Wall Street's median 12-month price target for SPX
Technologies
Inc is $83.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 5 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 09:48 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.60           0.93           Beat
 Dec. 31 2022      0.98           1.17           Beat
 Sep. 30 2022      0.66           0.81           Beat
 Jun. 30 2022      0.63           0.71           Beat