Terex Corp reports results for the quarter ended in September 30 - Earnings Summary

Terex

30/10/2024 15:18

* Terex Corp  TEX.N  reported quarterly adjusted earnings of
$1.31​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$1.75.  The mean expectation of thirteen analysts for the
quarter was for earnings of $1.31 per share. Wall Street
expected results to range from 99 cents to $1.92 per share.
    * Revenue fell 6.1% to $1.21 billion from a year ago;
analysts
expected $1.16 billion. 
    * Terex Corp's reported EPS for the quarter was $1.31​.
    * The company reported quarterly net income of $88 million.
    * Terex Corp shares had risen by 2.6% this quarter and
lost 5.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 32.7%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 9
"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
60.00 
This summary was machine generated from LSEG data October 30 at
03:17 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
 Sep. 30 2024      1.31           1.31           Met
 Jun. 30 2024      2.06           2.16           Beat
 Mar. 31 2024      1.37           1.60           Beat
 Dec. 31 2023      1.39           1.86           Beat