* Tennant Co reported quarterly adjusted earnings of $1.39 per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of $1.34. The mean expectation of two analysts for the quarter was for earnings of $1.44 per share. Wall Street expected results to range from $1.38 to $1.49 per share.
* Revenue rose 3.6% to $315.80 million from a year ago; analysts expected $319.40 million.
* Tennant Co's reported EPS for the quarter was $1.09.
* The company reported quarterly net income of $20.8 million.
* Tennant Co shares had fallen by 6.1% this quarter and lost 2.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 6.2% 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 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for Tennant Co is 128.50 This summary was machine generated from LSEG data November 1 at 03:09 a.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 1.44 1.39 Missed
Jun. 30 2024 1.72 1.83 Beat
Mar. 31 2024 1.42 1.81 Beat
Dec. 31 2023 1.25 1.92 Beat
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