* A O Smith Corp reported quarterly adjusted earnings of $1.00 per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 94 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 98 cents per share. Wall Street expected results to range from 94 cents to $1.02 per share.
* Revenue rose 1.3% to $978.80 million from a year ago; analysts expected $995.97 million.
* A O Smith Corp's reported EPS for the quarter was $1.00.
* The company reported quarterly net income of $147.6 million.
* A O Smith Corp shares had fallen by 2.7% this quarter and gained 5.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 1.3% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 10 "hold" and 2 "sell" or "strong sell."
* The average consensus recommendation for the electrical components & equipment peer group is also "hold"
Wall Street's median 12-month price target for A O Smith Corp is $90.00 This summary was machine generated from LSEG data April 25 at 02:09 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
Mar. 31 2024 0.98 1.00 Beat
Dec. 31 2023 0.96 0.97 Beat
Sep. 30 2023 0.80 0.90 Beat
Jun. 30 2023 0.91 1.01 Beat
Comments