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

Timken

03/05/2023 14:32

* Timken Co  TKR.N  reported quarterly adjusted earnings of
$2.09​​ per share for the quarter ended in March. The mean
expectation of eleven analysts for the quarter was for earnings
of $1.89 per share.
    * Revenue rose 12.3% to $1.26 billion from a year ago;
analysts
expected $1.23 billion. 
    * Timken Co's reported EPS for the quarter was $1.67​.
    * The mean earnings estimate of analysts had risen by
about 5.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Timken Co shares had fallen by 5.5% this quarter and
gained 9.3%
so far this year.
    * The company reported quarterly net income of $122.3
million.
    * Wall Street's median 12-month price target for Timken Co
is
$92.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      1.34           1.67           Beat