Columbus McKinnon (CMCO) came out with quarterly earnings of $0.62 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.62 per share a year ago.
The heavy selling pressure might have exhausted for Columbus McKinnon (CMCO) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Columbus McKinnon (CMCO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Columbus McKinnon Corporation (NASDAQ:CMCO ) Q4 2024 Results Conference Call May 29, 2024 10:00 AM ET Company Participants Kristy Moser - Vice President, Investor Relations and Treasurer David Wilson - President and Chief Executive Officer Greg Rustowicz - Chief Financial Officer Conference Call Participants Matt Summerville - D. A. Davidson Stephen Ferazani - Sidoti & Company Jon Tanwanteng - CJS Securities Walter Liptak - Seaport Research Operator Good morning.
Columbus McKinnon (CMCO) came out with quarterly earnings of $0.75 per share, missing the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.80 per share a year ago.