Terex Corp reports results for the quarter ended in December - Earnings Summary

Terex

09/02/2024 24:52

* Terex Corp  TEX.N  reported quarterly adjusted earnings of
$1.86​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$1.34.  The mean expectation of fifteen analysts for the quarter
was for earnings of $1.39 per share. Wall Street expected
results to range from $1.27  to $1.56 per share.
    * Revenue rose 0.4% to $1.22 billion from a year ago;
analysts
expected $1.23 billion. 
    * Terex Corp's reported EPS for the quarter was $1.86​.
    * The company reported quarterly net income of $126.9
million.
    * Terex Corp shares had risen by 11.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 8
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "hold"

Wall Street's median 12-month price target for Terex Corp is
$60.50 
This summary was machine generated from LSEG data February 9 at
12:52 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
 Dec. 31 2023      1.39           1.86           Beat
 Sep. 30 2023      1.72           1.75           Beat
 Jun. 30 2023      1.66           2.34           Beat
 Mar. 31 2023      1.04           1.64           Beat