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

Timken

03/08/2023 14:34

* Timken Co  TKR.N  reported quarterly adjusted earnings of
$2.01​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for earnings of
$2.08 per share.
    * Revenue rose 10.3% to $1.27 billion from a year ago;
analysts
expected $1.30 billion. 
    * Timken Co's reported EPS for the quarter was $1.73​.
    * The mean earnings estimate of analysts had risen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Timken Co shares had fallen by 0.2% this quarter and
gained 29.3% so far this year.
    * The company reported quarterly net income of $125.2
million.
    * Wall Street's median 12-month price target for Timken Co
is
$100.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 01:34 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      2.08           2.01           Missed
 Mar. 31 2023      1.89           2.09           Beat
 Dec. 31 2022      1.09           1.22           Beat
 Sep. 30 2022      1.33           1.52           Beat