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Generac Holdings Inc reports results for the quarter ended in June - Earnings Summary



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  • Generac Holdings Inc GNRC.N reported quarterly adjusted earnings of $1.35​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of $1.08. The mean expectation of twenty four analysts for the quarter was for earnings of $1.18 per share. Wall Street expected results to range from 86 cents to $1.52 per share.

  • Revenue fell 0.2% to $998.20 million from a year ago; analysts expected $999.97 million.

  • Generac Holdings Inc's reported EPS for the quarter was 99 cents​.

  • The company reported quarterly net income of $59.12 million.

  • Generac Holdings Inc shares had risen by 17.7% this quarter and gained 20.4% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had fallen by about 1.7% in the last three months.​

  • In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 9 "hold" and 3 "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 Generac Holdings Inc is $145.00

This summary was machine generated from LSEG data July 31 at 01:53 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)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Jan. 1 0001

1.18

1.35

Beat

Mar. 31 2024

0.72

0.88

Beat

Dec. 31 2023

2.08

2.07

Missed

Sep. 30 2023

1.51

1.64

Beat

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