Columbus McKinnon Corp reports results for the quarter ended December 31 - Earnings Summary

• Columbus McKinnon Corp CMCO.OQ reported quarterly adjusted earnings of 56 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 74 cents. The mean expectation of five analysts for the quarter was for earnings of 73 cents per share. Wall Street expected results to range from 69 cents to 75 cents per share.

• Revenue fell 7.9% to $234.14 million from a year ago; analysts expected $251.68 million.

• Columbus McKinnon Corp's reported EPS for the quarter was 14 cents​.

• The company reported quarterly net income of $3.96 million.

• Columbus McKinnon Corp shares had fallen by 8.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.4% in the last three months.​

• In the last 30 days, there have been no 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 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the heavy machinery & vehicles peer group is also "buy"

Wall Street's median 12-month price target for Columbus McKinnon Corp is $49.00

This summary was machine generated from LSEG data February 10 at 10:46 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)