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

SPX Technologies

02/05/2025 05:16

SPX Technologies Inc SPXC.N reported quarterly adjusted earnings of $1.38​​ per share for the quarter ended March 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 $1.17 per share. Wall Street expected results to range from $1.14  to $1.19 per share.

Revenue rose 3.7% to $482.60 million from a year ago; analysts expected $481.96 million.

SPX Technologies Inc's reported EPS for the quarter was $1.10​.

The company reported quarterly net income of $51.2 million.

SPX Technologies Inc shares had risen by 4.2% this quarter and lost 7.8% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 11.3% in the last three months.​

In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is  "buy."

Wall Street's median 12-month price target for SPX Technologies Inc is $160.00

This summary was machine generated from LSEG data May 2 at 04:15 a.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
Mar. 31 2025
1.17
1.38
Beat
Dec. 31 2024
1.51
1.51
Met
Sep. 30 2024
1.36
1.39
Beat
Jun. 30 2024
1.25
1.42
Beat