L B Foster Co reports results for the quarter ended September 30 - Earnings Summary

• L B Foster Co reported quarterly adjusted earnings of 64 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 40 cents. The mean expectation of two analysts for the quarter was for earnings of 60 cents per share. Wall Street expected results to range from 59 cents to 61 cents per share.

• Revenue rose 21.5% to $168.00 million from a year ago; analysts expected $152.19 million.

• L B Foster Co's reported EPS for the quarter was 64 cents​.

• The company reported quarterly net income of $6.76 million.

• L B Foster Co shares had risen by 1.1% this quarter and gained 35.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.5% 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."

• Wall Street's median 12-month price target for L B Foster Co is $42.00, about 13.2% above its last closing price of $36.46

This summary was machine generated from LSEG data November 4 at 02:31 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)