Generac Holdings Inc reports results for the quarter ended March 31 - Earnings Summary

• Generac Holdings Inc GNRC.N reported quarterly adjusted earnings of $1.26​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 88 cents. The mean expectation of twenty four analysts for the quarter was for earnings of 97 cents per share. Wall Street expected results to range from 73 cents to $1.19 per share.

• Revenue rose 5.9% to $942.12 million from a year ago; analysts expected $919.03 million.

• Generac Holdings Inc's reported EPS for the quarter was 73 cents​.

• The company reported quarterly net income of $43.84 million.

• Generac Holdings Inc shares had fallen by 10.6% this quarter and lost 27.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 35.5% in the last three months.​

• In the last 30 days, four 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," 10 "hold" and 1 "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 $171.00

This summary was machine generated from LSEG data April 30 at 01:31 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)