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

Terex

31/07/2024 24:11

* Terex Corp  TEX.N  reported quarterly adjusted earnings of
$2.16​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $2.34. 
The mean expectation of fifteen analysts for the quarter was
for earnings of $2.06 per share. Wall Street expected results to
range from $1.88  to $2.15 per share.
    * Revenue fell 1.5% to $1.38 billion from a year ago;
analysts
expected $1.43 billion. 
    * Terex Corp's reported EPS for the quarter was $2.08​.
    * The company reported quarterly net income of $140.7
million.
    * Terex Corp shares had risen by 20.8% this quarter and
gained 15.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.3%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 10
"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
$64.00 
This summary was machine generated from LSEG data July 30 at
11:11 p.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
 Jun. 30 2024      2.06           2.16           Beat
 Mar. 31 2024                     1.60           
 Dec. 31 2023      1.39           1.86           Beat
 Sep. 30 2023      1.72           1.75           Beat