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

• 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)