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

The Gorman-Rupp

26/04/2024 08:57

* Gorman-Rupp Co  GRC.N  reported quarterly adjusted
earnings of
30 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 25
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 33 cents to 35 cents per share.
    * Revenue was $159.27 million​; analysts expected $168.24
million. 
    * Gorman-Rupp Co's reported EPS for the quarter was 30
cents​.
    * The company reported quarterly net income of $7.88
million.
    * Gorman-Rupp Co shares had fallen by 20.5% this quarter and
lost 11.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.8%
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
$43.50 
This summary was machine generated from LSEG data April 26 at
07:57 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
 Mar. 31 2024      0.34           0.30           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