Gorman-Rupp Co reports results for the quarter ended in December - Earnings Summary

The Gorman-Rupp

02/02/2024 17:35

* Gorman-Rupp Co  GRC.N  reported quarterly adjusted
earnings of
34 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 11 cents.  The mean expectation of two analysts for the
quarter was for earnings of 24 cents per share. Wall Street
expected results to range from 23 cents to 25 cents per share.
    * Revenue rose 10% to $160.57 million from a year ago;
analysts
expected $156.78 million. 
    * Gorman-Rupp Co's reported EPS for the quarter was 34
cents​.
    * The company reported quarterly net income of $8.98
million.
    * Gorman-Rupp Co shares had fallen by 4.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Gorman-Rupp
Co is
$43.50 

This summary was machine generated from LSEG data February 2 at
05:34 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
 Dec. 31 2023      0.24           0.34           Beat
 Sep. 30 2023      0.32           0.34           Beat
 Jun. 30 2023      0.27           0.41           Beat
 Mar. 31 2023      0.26           0.25           Missed