JBT Marel Q2 revenue rises 5%, but slightly misses estimates
JBTM•Analyst coverage and valuation
- The current average analyst rating on the shares is "buy," with 6 "strong buy" or "buy," no "hold," and 1 "sell" or "strong sell."
- The average consensus recommendation for the industrial machinery and equipment peer group is "buy."
- Wall Street's median 12-month price target for JBT Marel Corp is $176.67, about 27.6% above its July 31 closing price of $138.47.
- The stock recently traded at 16 times the next 12-month earnings, versus a P/E of 14 three months ago.
Q2 revenue and earnings miss estimates
- JBT Marel's Q2 revenue rose 5% year over year, but slightly missed analyst expectations.
- Adjusted EPS for Q2 also missed analyst expectations.
- The company repurchased $26 million in shares during Q2 as part of its buyback program.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Miss* | $981 million | $988.47 million (6 analysts) |
| Q2 Adjusted EPS | Miss | $1.95 | $2.02 (6 analysts) |
| Q2 EPS | $0.54 | ||
| Q2 Net Income | $28 million |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
