Limbach Holdings Inc LMB.OQ reported quarterly adjusted earnings of 50 cents per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of 46 cents. The mean expectation of two analysts for the quarter was for earnings of 37 cents per share.
Revenue fell 2.1% to $122.24 million from a year ago; analysts expected $122.65 million.
Limbach Holdings Inc's reported EPS for the quarter was 50 cents.
The company reported quarterly income of $5.96 million.
Limbach Holdings Inc shares had fallen by 7.8% this quarter and gained 15.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 3.9% in the last three months.
In the last 30 days, there have been 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 2 "strong buy" or "buy," "hold" and "sell" or "strong sell."
The average consensus recommendation for the construction & engineering peer group is also "buy"
Wall Street's median 12-month price target for Limbach Holdings Inc is $58.00
This summary was machine generated from LSEG data August 6 at 10:34 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 |
0.37 |
0.50 |
Beat |
Mar. 31 2024 |
0.34 |
0.64 |
Beat |
Dec. 31 2023 |
0.40 |
0.44 |
Beat |
Sep. 30 2023 |
0.32 |
0.61 |
Beat |