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

• Aaon Inc AAON.OQ reported quarterly adjusted earnings of 22 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 62 cents. The mean expectation of six analysts for the quarter was for earnings of 33 cents per share. Wall Street expected results to range from 30 cents to 35 cents per share.

• Revenue fell 0.6% to $311.57 million from a year ago; analysts expected $324.97 million.

• Aaon Inc's reported EPS for the quarter was 10 cents​.

• The company reported quarterly net income of $15.49 million.

• Aaon Inc shares had risen by 9.2% this quarter and lost 31.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 25.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Aaon Inc is $95.00, about 15.2% above its last closing price of $80.52

This summary was machine generated from LSEG data August 11 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)