Generac Holdings Inc reports results for the quarter ended in June - Earnings Summary
Generac Holdings Inc GNRC.N reported quarterly adjusted earnings of $1.35 per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of $1.08. The mean expectation of twenty four analysts for the quarter was for earnings of $1.18 per share. Wall Street expected results to range from 86 cents to $1.52 per share.
Revenue fell 0.2% to $998.20 million from a year ago; analysts expected $999.97 million.
Generac Holdings Inc's reported EPS for the quarter was 99 cents.
The company reported quarterly net income of $59.12 million.
Generac Holdings Inc shares had risen by 17.7% this quarter and gained 20.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 1.7% in the last three months.
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 9 "hold" and 3 "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 Generac Holdings Inc is $145.00
This summary was machine generated from LSEG data July 31 at 01:53 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 |
Jan. 1 0001 | 1.18 | 1.35 | Beat |
Mar. 31 2024 | 0.72 | 0.88 | Beat |
Dec. 31 2023 | 2.08 | 2.07 | Missed |
Sep. 30 2023 | 1.51 | 1.64 | Beat |
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