DXP Enterprises Inc reports results for the quarter ended June 30 - Earnings Summary

• DXP Enterprises Inc DXPE.OQ reported quarterly adjusted earnings of $1.43​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.00. The lone analyst forecast for the quarter was for earnings of $1.39 per share.

• Revenue rose 11.9% to $498.68 million from a year ago; analysts expected $499.00 million.

• DXP Enterprises Inc's reported EPS for the quarter was $1.43​.

• The company reported quarterly net income of $23.59 million.

• DXP Enterprises Inc shares had risen by 30.2% this quarter and gained 38.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.7% 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 "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 "buy."

• Wall Street's median 12-month price target for DXP Enterprises Inc is $95.00, about 18.3% below its last closing price of $112.38

This summary was machine generated from LSEG data August 7 at 12:02 a.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)