* Columbus McKinnon Corp reported quarterly adjusted earnings of 70 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 76 cents. The mean expectation of five analysts for the quarter was for earnings of 70 cents per share. Wall Street expected results to range from 67 cents to 72 cents per share.
* Revenue fell 6.2% to $242.27 million from a year ago; analysts expected $248.74 million.
* Columbus McKinnon Corp's reported EPS for the quarter was a loss of 52 cents.
* The company reported a quarterly loss of $15.04 million.
* Columbus McKinnon Corp shares had fallen by 10.4% this quarter and lost 17.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 13% 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 "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the heavy machinery & vehicles peer group is also "buy"
Wall Street's median 12-month price target for Columbus McKinnon Corp is 49.50 This summary was machine generated from LSEG data October 30 at 03:12 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
Sep. 30 2024 0.70 0.70 Met
Jun. 30 2024 0.61 0.62 Beat
Mar. 31 2024 0.84 0.75 Missed
Dec. 31 2023 0.68 0.74 Beat
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