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

• Loar Holdings Inc LOAR.N reported quarterly adjusted earnings of 23 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of three analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 18 cents to 19 cents per share.

• Revenue rose 26.9% to $123.12 million from a year ago; analysts expected $120.90 million.

• Loar Holdings Inc's reported EPS for the quarter was 17 cents​.

• The company reported quarterly net income of $16.71 million.

• Loar Holdings Inc shares had fallen by 19.0% this quarter and lost 5.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.1% 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 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for Loar Holdings Inc is $103.39, about 32.5% above its last closing price of $69.77

This summary was machine generated from LSEG data August 13 at 02:08 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)