Timken Co <TKR.N>: Profits of $1.09 per share anticipated for fourth quarter

February 03, 2023 07:02 AM PST | By Reuters
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3 February 2023 03:02 p.m. All figures in US dollars. Timken Co is expected to show an increase in its fourth quarter earnings to $1.09​ per share according to the mean Refinitiv estimate from eleven analysts. Wall Street expects results to range from $1.06 to ​$1.13 per share. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". This includes five "Strong Buy", three "Buy", three "Hold". * The average consensus recommendation for the industrial machinery & equipment peer group is also "Buy". FORECAST CHANGES * Eleven analysts are currently providing Refinitiv with estimates. * In the last week there have been no earnings estimate revisions by analysts covering the company. There were no changes to the number of estimates. * In the last four weeks the earnings per share estimate has risen by 0.42 percent from $1.09. Estimates ranged from a high of $1.13 to a low of $1.05. There has been no changes to the number of estimates. * The StarMine predicted earnings surprise is too low to be considered statistically significant. Predicted revenue surprise is too low to be significant. * The average price target from the eleven analysts providing estimates is $79.8. YEAR OVER YEAR * The company is expected to report a rise in revenue to $1.09 billion from $1.01 billion in the same quarter last year. * The current quarter consensus estimate of $1.09 per share implies a gain of 39.97 percent from the same quarter last year when the company reported 78 cents per share. * Previous quarterly performance (using preferred earnings measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Sep. 30 2022 1.33 1.52 Beat Jun. 30 2022 1.34 1.67 Beat Mar. 31 2022 1.16 1.61 Beat Dec. 31 2021 0.91 0.78 Missed This summary was machine generated from Refinitiv data February 3 at 03:02 p.m..


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