Virco Mfg Corp reports results for the quarter ended in October - Earnings Summary

Virco Mfg

11/12/2023 15:36

* Virco Mfg Corp  VIRC.OQ  reported quarterly adjusted
earnings of
62 cents​​ per share for the quarter ended in October, higher
than the same quarter last year, when the company reported EPS
of 48 cents.  The lone analyst forecast for the quarter was
for earnings of 39 cents per share. 
    * Revenue rose 8.9% to $84.25 million from a year ago;
analysts
expected $81.27 million. 
    * Virco Mfg Corp's reported EPS for the quarter was 62
cents​.
    * The company reported quarterly net income of $10.16
million.
    * Virco Mfg Corp shares had risen by 7.2% this quarter and
gained 88.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Virco Mfg
Corp is
$14.00 

This summary was machine generated from LSEG data December 11 at
03:36 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2023      0.39           0.62           Beat
 Jul. 31 2023      0.64           0.95           Beat
 Apr. 30 2023      -0.17          -0.09          Beat
 Jan. 31 2023      -0.05          0.25           Beat