Virco Mfg Corp reports results for the quarter ended October 31 - Earnings Summary

Virco Mfg

09/12/2024 14:32

* Virco Mfg Corp  VIRC.OQ  reported quarterly adjusted
earnings of
52 cents​​ per share for the quarter ended October 31, lower
than the same quarter last year, when the company reported EPS
of 62 cents.  The lone analyst forecast for the quarter was
for earnings of 87 cents per share. 
    * Revenue fell 1.9% to $82.62 million from a year ago;
analysts
expected $96.89 million. 
    * Virco Mfg Corp's reported EPS for the quarter was 52
cents​.
    * The company reported quarterly net income of $8.4 million.
    * Virco Mfg Corp shares had risen by 18.1% this quarter and
gained 35.6% 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." 
    * The average consensus recommendation for the business
support
supplies peer group is also "strong buy"

Wall Street's median 12-month price target for Virco Mfg Corp is
$20.00 
This summary was machine generated from LSEG data December 9 at
02:31 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 2024      0.87           0.52           Missed
 Jul. 31 2024      1.00           1.04           Beat
 Apr. 30 2024      -0.13          0.13           Beat
 Jan. 31 2024      -0.13          -0.14          Missed