Crane Co CR.N reported quarterly adjusted earnings of $1.30 per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of $1.10. The mean expectation of six analysts for the quarter was for earnings of $1.24 per share. Wall Street expected results to range from $1.23 to $1.25 per share.
Revenue rose 14.1% to $581.20 million from a year ago; analysts expected $568.29 million.
Crane Co's reported EPS for the quarter was $1.23.
The company reported quarterly income of $71.6 million.
Crane Co shares had risen by 9.6% this quarter and gained 34.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1% in the last three months.
In the last 30 days, there have been revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 1 "hold" and "sell" or "strong sell."
The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"
Wall Street's median 12-month price target for Crane Co is $160.00
This summary was machine generated from LSEG data July 29 at 09:47 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 |
Jun. 30 2024 |
1.24 |
1.30 |
Beat |
Mar. 31 2024 |
1.13 |
1.22 |
Beat |
Dec. 31 2023 |
0.90 |
||
Sep. 30 2023 |
1.03 |