Q3 Earnings Preview For Crane
Crane (NYSE: CR) releases its next round of earnings Monday. Get the latest predictions in Benzinga's essential guide to the company's Q3 earnings report.
Earnings and Revenue
Crane earnings will be near $1.54 per share on sales of $802.38 million, according to analysts.
In the same quarter last year, Crane posted a profit of $1.62 on sales of $855.80 million. If the company were to match the consensus estimate, earnings would be down 4.94%. Revenue would be down 6.24% from the year-ago period. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 |
EPS Estimate | 1.560 | 1.4 | 1.53 | 1.46 |
EPS Actual | 1.580 | 1.450 | 1.58 | 1.62 |
Stock Performance
Over the last 52-week period, shares are down 1.64%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. Analysts have been rating Crane stock as Neutral. The strength of this rating has maintained conviction over the past three months.
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