Timken Co expected to post earnings of $1.51 a share - Earnings Preview

Timken

26/04/2024 14:48

* Timken Co  TKR.N   TKR  is expected to show a fall in
quarterly
revenue when it reports  results on April 30 for the period
ending March 31 2024
    * The North Canton Ohio-based  company is expected to report
a
9.0% decrease in revenue to $1.15 billion from $1.26 billion a
year ago, according to the mean estimate from 9 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Timken Co is for
earnings of
$1.51 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"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
$86.00​, above​ its last closing price of $84.85. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 30 2023  2.09        2.08       2.01      Missed  -3.4​
 Mar. 31 2023  1.91        1.89       2.09      Beat    10.6
 ​​Dec.        1.09        1.09       1.22      Beat    11.7
 31 2022                                                
 Sep. 30 2022  1.35        1.33       1.52      Beat    14.1​
 Jun. 30 2022  1.36        1.34       1.67      Beat    24.8
 Mar. 31 2022  1.18        1.16       1.61      Beat    38.8
 This summary was machine generated April 26 at 13:48 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)