Astec Industries Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 08, 2024

Astec Industries (NASDAQ:ASTE) Third Quarter 2024 Results

Key Financial Results

Revenue: US$291.4m (down 3.9% from 3Q 2023).
Net loss: US$6.20m (loss narrowed by 6.1% from 3Q 2023).
US$0.27 loss per share (improved from US$0.29 loss in 3Q 2023).

earnings-and-revenue-growth — NasdaqGS:ASTE Earnings and Revenue Growth November 8th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Astec Industries Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are up 17% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Astec Industries.

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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.