Eastern Company reports results for the quarter ended March 31 - Earnings Summary

• Eastern Company EML.OQ reported quarterly adjusted earnings of 32 cents​​ per share for the quarter ended March 31. The lone analyst forecast for the quarter was for earnings of 41 cents per share.

• Revenue was $63.31 million​; analysts expected $71.33 million.

• Eastern Company's reported EPS for the quarter was 32 cents​.

• The company reported quarterly net income of $1.94 million.

• Eastern Company shares had fallen by 9.4% this quarter and lost 13.6% so far this year.

FORECAST CHANGES

• 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 "strong buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "strong buy"

• Wall Street's median 12-month price target for Eastern Company is $35.50

This summary was machine generated from LSEG data May 7 at 10:47 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)