Terex Corporation reports results for the quarter ended September 30 - Earnings Summary

• Terex Corporation TEX.N reported quarterly adjusted earnings of $1.50​​ per share for the quarter ended September 30, identical to the same quarter last year. The mean expectation of thirteen analysts for the quarter was for earnings of $1.42 per share. Wall Street expected results to range from $1.23 to $1.61 per share.

• Revenue rose 58.4% to $2.20 billion from a year ago; analysts expected $2.17 billion.

• Terex Corporation's reported EPS for the quarter was $1.00​.

• The company reported quarterly net income of $114 million.

• Terex Corporation shares had fallen by 5.6% this quarter and lost 6.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.1% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the heavy machinery & vehicles peer group is also "buy"

• Wall Street's median 12-month price target for Terex Corporation is $79.77, about 37.7% above its last closing price of $49.68

This summary was machine generated from LSEG data October 28 at 01:32 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)