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

• L B Foster Co FSTR reported quarterly adjusted earnings of 40 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $3.27. The mean expectation of three analysts for the quarter was for earnings of 61 cents per share. Wall Street expected results to range from 60 cents to 63 cents per share.

• Revenue rose 0.6% to $138.29 million from a year ago; analysts expected $153.59 million.

• L B Foster Co's reported EPS for the quarter was 40 cents​.

• The company reported quarterly net income of $4.35 million.

• L B Foster Co shares had risen by 1.7% this quarter and gained 1.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.7% 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 heavy machinery & vehicles peer group is also "buy"

• Wall Street's median 12-month price target for L B Foster Co is $28.00, about 2.1% above its last closing price of $27.40

This summary was machine generated from LSEG data November 3 at 04:36 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)