Timken Co expected to post earnings of $1.38 a share - Earnings Preview

Timken

01/11/2024 14:07

* Timken Co  TKR.N   TKR  is expected to show a fall in
quarterly
revenue when it reports  results on November 5 for the period
ending September 30 2024
    * The North Canton Ohio-based  company is expected to report
a
2.2% decrease in revenue to $1.118 billion from $1.14 billion a
year ago, according to the mean estimate from 10 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Timken Co is for
earnings of
$1.38 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Timken Co
is
$89.50​, above​ its last closing price of $83.00. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  1.61        1.60       1.63      Beat    1.6
 Mar. 31 2024  1.52        1.51       1.77      Beat    17
 Dec. 31 2023  1.23        1.22       1.37      Beat    12.2​
 Sep. 30 2023  1.59        1.59       1.55      Missed  -2.7
 ​​Jun.        2.09        2.08       2.01      Missed  -3.4
 30 2023                                                
 Jan. 1 0001   1.91        1.89       2.09      Beat    10.6​
 Dec. 31 2022  1.09        1.09       1.22      Beat    11.7
 Sep. 30 2022  1.35        1.33       1.52      Beat    14.1
 This summary was machine generated November 1 at 14:07 GMT.  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)