Luxfer (LXFR) got here out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.09 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 31.82%. 1 / 4 in the past, it was anticipated that this supplies know-how firm specializing in aluminum, magnesium and zirconium would put up earnings of $0.18 per share when it truly produced earnings of $0.28, delivering a shock of 55.56%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates thrice.
Luxfer
The sustainability of the inventory’s fast value motion primarily based on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Luxfer shares have added about 6.6% because the starting of the 12 months versus the S&P 500’s acquire of 1.7%.
What’s Subsequent for Luxfer?
Whereas Luxfer has outperformed the market to this point this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified currently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and developments in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a powerful monitor report of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Luxfer: blended. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in keeping with the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.21 on $93 million in revenues for the approaching quarter and $1.05 on $391 million in revenues for the present fiscal 12 months.
Traders needs to be conscious of the truth that the outlook for the business can have a fabric influence on the efficiency of the inventory as properly. When it comes to the Zacks Trade Rank, Manufacturing – Basic Industrial is at present within the backside 45% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Alta Gear (ALTG), one other inventory in the identical business, has but to report outcomes for the quarter ended December 2024. The outcomes are anticipated to be launched on March 5.
This firm is predicted to put up quarterly lack of $0.31 per share in its upcoming report, which represents a year-over-year change of -287.5%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Alta Gear’s revenues are anticipated to be $487.95 million, down 6.4% from the year-ago quarter.
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Luxfer Holdings PLC (LXFR) : Free Stock Analysis Report
Alta Equipment Group Inc. (ALTG) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
