Industrial conglomerate Crane will report its quarterly earnings this Tuesday after the market closes. Last quarter, Crane beat analysts' revenue expectations with $696.4 million, a 24.9% year-on-year increase, alongside beats on EBITDA and EPS estimates. For the upcoming report, analysts expect revenue to grow 22.7% year-on-year, an acceleration from the 9.2% growth in the same quarter last year, and estimates have been largely reconfirmed over the past 30 days. Crane has missed Wall Street revenue estimates multiple times over the last two years. Among peers in the general industrial machinery segment, GE Aerospace posted 24.5% revenue growth and beat expectations by 6%, while 3M grew revenues 5.6% and beat by 1.5%. Crane shares are up 2.6% over the past month, heading into earnings with an average analyst price target of $230.30 against a current price of $226.14.
Crane CompanyCrane is reporting Q2 earnings; past beats and expected growth are positive, but past misses and no actual results yet make impact ambiguous.
GE Aerospace
3M Company