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

• Columbus McKinnon Corp CMCO.OQ reported quarterly adjusted earnings of 60 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 75 cents. The mean expectation of four analysts for the quarter was for earnings of 58 cents per share. Wall Street expected results to range from 57 cents to 59 cents per share.

• Revenue fell 7% to $246.89 million from a year ago; analysts expected $250.05 million.

• Columbus McKinnon Corp's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $2.68 million.

• Columbus McKinnon Corp shares had risen by 5.0% this quarter and lost 52.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 3 "strong buy" or "buy," 1 "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 $35.00

This summary was machine generated from LSEG data May 28 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)