JBT Marel Corp reports results for the quarter ended March 31 - Earnings Summary

• JBT Marel Corp JBTM.N reported quarterly adjusted earnings of 97 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 85 cents. The mean expectation of seven analysts for the quarter was for earnings of 83 cents per share. Wall Street expected results to range from 80 cents to 92 cents per share.

• Revenue rose 117.7% to $854.10 million from a year ago; analysts expected $836.19 million.

• JBT Marel Corp's reported EPS for the quarter was a loss of $3.35​.

• The company reported a quarterly loss of $173 million.

• JBT Marel Corp shares had fallen by 12.3% this quarter and lost 15.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

• Wall Street's median 12-month price target for JBT Marel Corp is $141.50

This summary was machine generated from LSEG data May 5 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)