In This Article:
Crane NXT (NYSE:CXT) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$403.5m (up 14% from 3Q 2023).
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Net income: US$47.1m (down 9.2% from 3Q 2023).
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Profit margin: 12% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses.
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EPS: US$0.82 (down from US$0.91 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Crane NXT Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 21%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in the US.
Performance of the American Electronic industry.
The company's shares are up 5.0% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Crane NXT that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.