John Bean Techs Q3 2024 Adj. EPS $1.50 Beats $1.41 Estimate, Sales $453.800M Beat $442.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
John Bean Technologies (JBT) reported Q3 2024 earnings per share of $1.50, surpassing the analyst estimate of $1.41. The company's sales reached $453.8 million, exceeding the expected $442.2 million and marking a 12.44% increase from the previous year.
October 22, 2024 | 8:20 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
John Bean Technologies reported better-than-expected Q3 2024 earnings and sales, with EPS of $1.50 beating estimates by 6.38% and sales of $453.8M exceeding expectations by 2.62%. This performance also represents a 12.44% increase in sales compared to the same period last year.
The company's earnings and sales both exceeded analyst expectations, which is typically a positive indicator for stock performance. The significant year-over-year sales growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100