Timken Co expected to post earnings of $1.59 a share - Earnings Preview

Timken

30/10/2023 18:33

* Timken Co  TKR.N   TKR  is expected to show a rise in
quarterly
revenue when it reports  results on November 1. 
    * The North Canton Ohio-based  company is expected to report
 a
5.3% increase in revenue to $1.197 billion from $1.14 billion a
year ago, according to the mean estimate from 7 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Timken Co is for
earnings
of $1.59 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"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
$84​, above​ its last closing price of $68.55. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  1.09        1.09       1.22      Beat    11.7​
 Sep. 30 2022  1.35        1.33       1.52      Beat    14.1
 ​​Jun.        1.36        1.34       1.67      Beat    24.8
 30 2022                                                
 Mar. 31 2022  1.18        1.16       1.61      Beat    38.8​
 Dec. 31 2021  0.91        0.91       0.78      Missed  -14
 Sep. 30 2021  1.18        1.17       1.18      Beat    0.7
 This summary was machine generated October 30 at 18:33 GMT.  All
figures in US dollars  unless otherwise stated