The Gorman-Rupp Company reports results for the quarter ended September 30 - Earnings Summary

• The Gorman-Rupp Company GRC.N reported quarterly adjusted earnings of 86 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 52 cents. The mean expectation of three analysts for the quarter was for earnings of 70 cents per share. Wall Street expected results to range from 67 cents to 77 cents per share.

• Revenue rose 11.8% to $193.25 million from a year ago; analysts expected $187.08 million.

• The Gorman-Rupp Company's reported EPS for the quarter was 86 cents​.

• The company reported quarterly net income of $22.71 million.

• The Gorman-Rupp Company shares had fallen by 5.8% this quarter and gained 46.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

• Wall Street's median 12-month price target for The Gorman-Rupp Company is $80.00, about 12.3% above its last closing price of $70.13

This summary was machine generated from LSEG data October 23 at 01:31 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)