Astronics Corp reports results for the quarter ended in January 1 - Earnings Summary

Reuters
07 Nov 2024
<a href="https://laohu8.com/S/ATRO">Astronics</a> Corp reports results for the quarter ended in January 1 - Earnings Summary
  • Astronics Corp ATRO.OQ reported a quarterly adjusted loss of 34 cents​​ per share for the quarter ended January 1, lower than the same quarter last year, when the company reported EPS of -17 cents. The mean expectation of two analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from -2 cents to 18 cents per share.

  • Revenue rose 25% to $203.70 million from a year ago; analysts expected $198.61 million.

  • Astronics Corp shares had risen by 5.6% this quarter and gained 18.1% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had fallen by about 51.5% in the last three months.​

  • In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

  • The average consensus recommendation for the aerospace & defense peer group is also "hold"

Wall Street's median 12-month price target for Astronics Corp is $24.00

This summary was machine generated from LSEG data November 7 at 05:03 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

0.08

-0.34

Missed

Jun. 30 2024

0.17

0.04

Missed

Mar. 31 2024

-0.01

-0.09

Missed

Dec. 31 2023

0.22

0.20

Missed

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