Eastern Company reports results for the quarter ended June 30 - Earnings Summary

• Eastern Company EML reported quarterly adjusted earnings of 56 cents​​ per share for the quarter ended June 30. The lone analyst forecast for the quarter was for earnings of 54 cents per share.

• Revenue was $70.16 million​; analysts expected $68.87 million.

• Eastern Company's reported EPS for the quarter was 56 cents​.

• The company reported quarterly net income of $3.44 million.

• Eastern Company shares had fallen by 1.4% this quarter and lost 15.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10% 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 "strong buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

• Wall Street's median 12-month price target for Eastern Company is $34.00, about 33.8% above its last closing price of $22.51

This summary was machine generated from LSEG data August 6 at 05:19 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)