Wall Street's Insights Into Key Metrics Ahead of SPX Technologies (SPXC) Q4 Earnings
Analysts on Wall Street project that SPX Technologies (SPXC) will announce quarterly earnings of $1.25 per share in its forthcoming report, representing an increase of 6.8% year over year. Revenues are projected to reach $481.3 million, increasing 12.1% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific SPX Technologies metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Revenues- Detection & Measurement' to reach $155.75 million. The estimate points to a change of +0.4% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues- HVAC' will likely reach $321.70 million. The estimate points to a change of +17.3% from the year-ago quarter.
Analysts' assessment points toward 'Segment Income- Detection & Measurement' reaching $34.25 million. Compared to the current estimate, the company reported $37 million in the same quarter of the previous year.
The average prediction of analysts places 'Segment Income- HVAC' at $66.45 million. Compared to the current estimate, the company reported $53.50 million in the same quarter of the previous year.
View all Key Company Metrics for SPX Technologies here>>>
SPX Technologies shares have witnessed a change of +9.7% in the past month, in contrast to the Zacks S&P 500 composite's +5.2% move. With a Zacks Rank #2 (Buy), SPXC is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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SPX Technologies, Inc. (SPXC) : Free Stock Analysis Report
