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

The Gorman-Rupp

26/07/2024 14:51

* Gorman-Rupp Co  GRC.N  reported quarterly adjusted
earnings of
54 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 41
cents.  The mean expectation of two analysts for the quarter was
for earnings of 34 cents per share. Wall Street expected
results to range from 23 cents to 44 cents per share.
    * Revenue was $169.51 million​; analysts expected $176.22
million. 
    * Gorman-Rupp Co's reported EPS for the quarter was 32
cents​.
    * The company reported quarterly net income of $8.34
million.
    * Gorman-Rupp Co shares had risen by 10.7% this quarter and
gained 14.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.3%
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." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "strong buy"

Wall Street's median 12-month price target for Gorman-Rupp Co is
$45.00 
This summary was machine generated from LSEG data July 26 at
01:51 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      0.34           0.54           Beat
 Mar. 31 2024      0.34           0.30           Missed
 Dec. 31 2023      0.24           0.34           Beat
 Sep. 30 2023      0.32           0.34           Beat