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AZZ Q1 Earnings and Revenues Beat Estimates

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AZZ (NYSE: AZZ) came out with quarterly earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 11.45%. A quarter ago, it was expected that this electrical equipment maker would post earnings of $0.70 per share when it actually produced earnings of $0.93, delivering a surprise of 32.86%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

AZZ, which belongs to the Zacks Manufacturing – Electronics industry, posted revenues of $413.21 million for the quarter ended May 2024, surpassing the Zacks Consensus Estimate by 3.16%. This compares to year-ago revenues of $390.87 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

AZZ shares have …

Full story available on Benzinga.com

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