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

Timken

26/10/2022 14:32

* Timken Co  TKR.N  reported quarterly adjusted earnings of
$1.52​​ per share for the quarter ended in September. The mean
expectation of ten analysts for the quarter was for earnings of
$1.33 per share.
    * Revenue rose 9.6% to $1.14 billion from a year ago;
analysts
expected $1.09 billion. 
    * Timken Co's reported EPS for the quarter was $1.18​.
    * The mean earnings estimate of analysts had risen by
about 2.3%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Timken Co shares had risen by 16.1% this quarter and
lost 1.1%
so far this year.
    * The company reported quarterly net income of $87 million.
    * Wall Street's median 12-month price target for Timken Co
is
$75.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
26 at 01:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.33           1.52           Beat
 Jun. 30 2022      1.34           1.67           Beat
 Mar. 31 2022      1.16           1.61           Beat
 Dec. 31 2021      0.91           0.78           Missed