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

SPX Technologies

02/11/2023 23:15

* SPX Technologies Inc  SPXC.N  reported quarterly adjusted
earnings of $1.06​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 81 cents.  The mean expectation of
five analysts for the quarter was for earnings of 97 cents per
share. Wall Street expected results to range from 86 cents
to $1.02 per share.
    * Revenue rose 21.1% to $448.70 million from a year ago;
analysts
expected $429.54 million. 
    * SPX Technologies Inc's reported EPS for the quarter was a
loss
of 44 cents​.
    * The company reported a quarterly loss of $20.4 million.
    * SPX Technologies Inc shares had fallen by 0.5% this
quarter and
gained 23.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.9%
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 $94.50 
This summary was machine generated from LSEG data November 2 at
11:14 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.98           1.17           Beat