Yahoo Finance Crane First Quarter 2023 Earnings: Beats Expectations
Crane (NYSE:CR) First Quarter 2023 Results
Key Financial Results
Revenue: US$842.9m (down 3.3% from 1Q 2022).
Net income: US$105.7m (flat on 1Q 2022).
Profit margin: 13% (in line with 1Q 2022).
EPS: US$1.87 (up from US$1.83 in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Crane Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 28%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.9% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are up 9.0% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for Crane you should be aware of, and 1 of them doesn't sit too well with us.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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