Power Solutions International Inc reports results for the quarter ended June 30 - Earnings Summary

• Power Solutions International Inc PSIX.OQ reported quarterly adjusted earnings of $2.24​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 72 cents. The lone analyst forecast for the quarter was for earnings of 87 cents per share.

• Revenue rose 73.5% to $191.91 million from a year ago; analysts expected $136.50 million.

• Power Solutions International Inc's reported EPS for the quarter was $2.22​.

• The company reported quarterly net income of $51.21 million.

• Power Solutions International Inc shares had risen by 54.1% this quarter and gained 235.1% 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 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is also "buy"

• Wall Street's median 12-month price target for Power Solutions International Inc is $64.00, about 55.8% below its last closing price of $99.70

This summary was machine generated from LSEG data August 11 at 12:00 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)