Tennant Co expected to post earnings of $1.42 a share - Earnings Preview

Tennant

24/04/2024 15:59

* Tennant Co  TNC.N   TNC  is expected to show a rise in
quarterly
revenue when it reports  results on May 3 for the period ending
March 31 2024
    * The Eden Prairie Minnesota-based  company is expected to
report
a 1.5% increase in revenue to $310.467 million from $305.8
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Tennant Co is for
earnings of
$1.42 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Tennant Co
is
$139.00​, above​ its last closing price of $118.55. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.26        1.25       1.92      Beat    53.2
 Sep. 30 2023  1.15        1.15       1.34      Beat    16.5
 Jun. 30 2023  1.16        1.16       1.86      Beat    60.8​
 Mar. 31 2023  0.83        0.84       1.45      Beat    73.3
 ​​Dec.        1.22        1.21       1.46      Beat    20.3
 31 2022                                                
 Sep. 30 2022  1.10        1.10       0.99      Missed  -10​
 Jun. 30 2022  0.86        0.87       0.92      Beat    6.4
 Mar. 31 2022  0.89        0.88       0.73      Missed  -16.6
 This summary was machine generated April 24 at 14:59 GMT.  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)