Atkore Inc reports results for the quarter ended September 30 - Earnings Summary

• Atkore Inc ATKR.N reported quarterly adjusted earnings of $2.43​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $4.21. The mean expectation of six analysts for the quarter was for earnings of $2.47 per share. Wall Street expected results to range from $2.42 to $2.50 per share.

• Revenue fell 9.4% to $788.30 million from a year ago; analysts expected $749.54 million.

• Atkore Inc's reported EPS for the quarter was $2.02​.

• The company reported quarterly net income of $73.12 million.

• Atkore Inc shares had fallen by 0.7% this quarter and lost 47.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.1% 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 4 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electrical components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Atkore Inc is $118.00

This summary was machine generated from LSEG data November 21 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)