Astec Industries Earnings Estimate
ASTE Stock | USD 40.01 0.63 1.55% |
Astec |
Astec Industries Earnings Estimation Breakdown
The calculation of Astec Industries' earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Astec Industries is estimated to be 0.86 with the future projection ranging from a low of 0.79 to a high of 1.03. Please be aware that this consensus of annual earnings estimates for Astec Industries is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
0.79 Lowest | Expected EPS | 1.03 Highest |
Astec Industries Earnings Projection Consensus
Suppose the current estimates of Astec Industries' value are higher than the current market price of the Astec Industries stock. In this case, investors may conclude that Astec Industries is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Astec Industries' stock will quickly adjusts to the new information provided by the consensus estimate.
Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2024 | Current EPS (TTM) | |
8 | 52.64% | 0.9 | 0.86 | 1.47 |
Astec Industries Earnings per Share Projection vs Actual
Actual Earning per Share of Astec Industries refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Astec Industries predict the company's earnings will be in the future. The higher the earnings per share of Astec Industries, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Astec Industries Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Astec Industries, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Astec Industries should always be considered in relation to other companies to make a more educated investment decision.Astec Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Astec Industries' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2024-02-28 | 2023-12-31 | 0.66 | 0.9 | 0.24 | 36 | ||
2023-11-01 | 2023-09-30 | 0.62 | -0.01 | -0.63 | 101 | ||
2023-08-02 | 2023-06-30 | 0.67 | 0.87 | 0.2 | 29 | ||
2023-05-03 | 2023-03-31 | 0.52 | 0.9 | 0.38 | 73 | ||
2023-03-01 | 2022-12-31 | 0.37 | 0.34 | -0.03 | 8 | ||
2022-11-02 | 2022-09-30 | 0.3 | 0.28 | -0.02 | 6 | ||
2022-08-02 | 2022-06-30 | 0.52 | 0.19 | -0.33 | 63 | ||
2022-05-04 | 2022-03-31 | 0.11 | 0.41 | 0.3 | 272 | ||
2022-02-28 | 2021-12-31 | 0.03 | -0.03 | -0.06 | 200 | ||
2021-11-03 | 2021-09-30 | 0.31 | 0.5 | 0.19 | 61 | ||
2021-08-04 | 2021-06-30 | 0.49 | 0.49 | 0.0 | 0 | ||
2021-05-05 | 2021-03-31 | 0.83 | 0.41 | -0.42 | 50 | ||
2021-03-01 | 2020-12-31 | 0.42 | 0.56 | 0.14 | 33 | ||
2020-11-04 | 2020-09-30 | 0.11 | 0.2 | 0.09 | 81 | ||
2020-08-05 | 2020-06-30 | 0.05 | 0.67 | 0.62 | 1240 | ||
2020-05-06 | 2020-03-31 | 0.38 | 0.58 | 0.2 | 52 | ||
2020-03-03 | 2019-12-31 | 0.37 | 0.4 | 0.03 | 8 | ||
2019-10-29 | 2019-09-30 | 0.24 | 0.17 | -0.07 | 29 | ||
2019-07-23 | 2019-06-30 | 0.41 | 0.36 | -0.05 | 12 | ||
2019-04-23 | 2019-03-31 | 0.82 | 0.63 | -0.19 | 23 | ||
2019-03-01 | 2018-12-31 | 0.57 | 0.61 | 0.04 | 7 | ||
2018-10-23 | 2018-09-30 | 0.59 | 0.3 | -0.29 | 49 | ||
2018-07-24 | 2018-06-30 | 0.91 | 1.03 | 0.12 | 13 | ||
2018-04-24 | 2018-03-31 | 0.88 | 0.87 | -0.01 | 1 | ||
2018-02-20 | 2017-12-31 | 0.44 | 0.42 | -0.02 | 4 | ||
2017-10-24 | 2017-09-30 | -0.1 | -0.12 | -0.02 | 20 | ||
2017-07-25 | 2017-06-30 | 0.8 | 0.62 | -0.18 | 22 | ||
2017-04-25 | 2017-03-31 | 0.66 | 0.65 | -0.01 | 1 | ||
2017-02-21 | 2016-12-31 | 0.53 | 0.53 | 0.0 | 0 | ||
2016-10-25 | 2016-09-30 | 0.35 | 0.3 | -0.05 | 14 | ||
2016-07-26 | 2016-06-30 | 0.75 | 0.79 | 0.04 | 5 | ||
2016-04-26 | 2016-03-31 | 0.71 | 0.77 | 0.06 | 8 | ||
2016-02-23 | 2015-12-31 | 0.36 | 0.16 | -0.2 | 55 | ||
2015-10-20 | 2015-09-30 | 0.27 | 0.1 | -0.17 | 62 | ||
2015-07-21 | 2015-06-30 | 0.69 | 0.51 | -0.18 | 26 | ||
2015-04-21 | 2015-03-31 | 0.57 | 0.65 | 0.08 | 14 | ||
2015-02-24 | 2014-12-31 | 0.36 | 0.37 | 0.01 | 2 | ||
2014-10-21 | 2014-09-30 | 0.42 | 0.08 | -0.34 | 80 | ||
2014-07-22 | 2014-06-30 | 0.63 | 0.63 | 0.0 | 0 | ||
2014-04-22 | 2014-03-31 | 0.55 | 0.41 | -0.14 | 25 | ||
2014-02-25 | 2013-12-31 | 0.31 | 0.36 | 0.05 | 16 | ||
2013-10-22 | 2013-09-30 | 0.37 | 0.28 | -0.09 | 24 | ||
2013-07-23 | 2013-06-30 | 0.55 | 0.48 | -0.07 | 12 | ||
2013-04-23 | 2013-03-31 | 0.54 | 0.57 | 0.03 | 5 | ||
2013-02-26 | 2012-12-31 | 0.38 | 0.23 | -0.15 | 39 | ||
2012-10-26 | 2012-09-30 | 0.42 | 0.3 | -0.12 | 28 | ||
2012-07-24 | 2012-06-30 | 0.67 | 0.45 | -0.22 | 32 | ||
2012-04-24 | 2012-03-31 | 0.61 | 0.53 | -0.08 | 13 | ||
2012-02-21 | 2011-12-31 | 0.39 | 0.41 | 0.02 | 5 | ||
2011-10-25 | 2011-09-30 | 0.5 | 0.38 | -0.12 | 24 | ||
2011-07-25 | 2011-06-30 | 0.59 | 0.68 | 0.09 | 15 | ||
2011-04-25 | 2011-03-31 | 0.42 | 0.44 | 0.02 | 4 | ||
2011-02-22 | 2010-12-31 | 0.22 | 0.26 | 0.04 | 18 | ||
2010-10-19 | 2010-09-30 | 0.24 | 0.32 | 0.08 | 33 | ||
2010-07-20 | 2010-06-30 | 0.39 | 0.45 | 0.06 | 15 | ||
2010-04-20 | 2010-03-31 | 0.21 | 0.39 | 0.18 | 85 | ||
2010-02-23 | 2009-12-31 | 0.12 | -0.08 | -0.2 | 166 | ||
2009-10-20 | 2009-09-30 | 0.31 | 0.15 | -0.16 | 51 | ||
2009-07-20 | 2009-06-30 | 0.4 | 0.34 | -0.06 | 15 | ||
2009-04-21 | 2009-03-31 | 0.3 | 0.33 | 0.03 | 10 | ||
2009-02-24 | 2008-12-31 | 0.47 | 0.38 | -0.09 | 19 | ||
2008-10-21 | 2008-09-30 | 0.55 | 0.71 | 0.16 | 29 | ||
2008-07-21 | 2008-06-30 | 0.95 | 0.93 | -0.02 | 2 | ||
2008-04-22 | 2008-03-31 | 0.77 | 0.78 | 0.01 | 1 | ||
2008-02-26 | 2007-12-31 | 0.41 | 0.5 | 0.09 | 21 | ||
2007-10-22 | 2007-09-30 | 0.69 | 0.51 | -0.18 | 26 | ||
2007-07-23 | 2007-06-30 | 0.74 | 0.83 | 0.09 | 12 | ||
2007-04-24 | 2007-03-31 | 0.69 | 0.69 | 0.0 | 0 | ||
2007-02-27 | 2006-12-31 | 0.22 | 0.29 | 0.07 | 31 | ||
2006-10-23 | 2006-09-30 | 0.42 | 0.46 | 0.04 | 9 | ||
2006-07-24 | 2006-06-30 | 0.67 | 0.56 | -0.11 | 16 | ||
2006-04-24 | 2006-03-31 | 0.49 | 0.5 | 0.01 | 2 | ||
2006-02-28 | 2005-12-31 | 0.13 | 0.05 | -0.08 | 61 | ||
2005-10-24 | 2005-09-30 | 0.33 | 0.3 | -0.03 | 9 | ||
2005-07-20 | 2005-06-30 | 0.43 | 0.49 | 0.06 | 13 | ||
2005-04-20 | 2005-03-31 | 0.36 | 0.33 | -0.03 | 8 | ||
2005-03-01 | 2004-12-31 | 0.04 | 0.03 | -0.01 | 25 | ||
2004-10-20 | 2004-09-30 | 0.24 | 0.04 | -0.2 | 83 | ||
2004-07-21 | 2004-06-30 | 0.27 | 0.31 | 0.04 | 14 | ||
2004-04-21 | 2004-03-31 | 0.1 | 0.27 | 0.17 | 170 | ||
2004-03-04 | 2003-12-31 | -1.27 | -1.23 | 0.04 | 3 | ||
2003-10-21 | 2003-09-30 | 0.06 | -0.04 | -0.1 | 166 | ||
2003-07-17 | 2003-06-30 | 0.05 | 0.01 | -0.04 | 80 | ||
2003-04-21 | 2003-03-31 | -0.04 | -0.09 | -0.05 | 125 | ||
2003-03-31 | 2002-12-31 | -0.53 | -0.52 | 0.01 | 1 | ||
2002-10-17 | 2002-09-30 | -0.07 | -0.07 | 0.0 | 0 | ||
2002-07-18 | 2002-06-30 | 0.15 | 0.12 | -0.03 | 20 | ||
2002-04-18 | 2002-03-31 | 0.19 | 0.23 | 0.04 | 21 | ||
2002-02-27 | 2001-12-31 | -0.35 | -0.35 | 0.0 | 0 | ||
2001-10-18 | 2001-09-30 | -0.08 | -0.07 | 0.01 | 12 | ||
2001-07-19 | 2001-06-30 | 0.29 | 0.25 | -0.04 | 13 | ||
2001-04-19 | 2001-03-31 | 0.21 | 0.27 | 0.06 | 28 | ||
2001-02-27 | 2000-12-31 | 0.15 | 0.08 | -0.07 | 46 | ||
2000-10-19 | 2000-09-30 | 0.27 | 0.17 | -0.1 | 37 | ||
2000-07-20 | 2000-06-30 | 0.63 | 0.64 | 0.01 | 1 | ||
2000-04-20 | 2000-03-31 | 0.51 | 0.44 | -0.07 | 13 | ||
2000-02-22 | 1999-12-31 | 0.2 | 0.21 | 0.01 | 5 | ||
1999-10-13 | 1999-09-30 | 0.38 | 0.4 | 0.02 | 5 | ||
1999-07-15 | 1999-06-30 | 0.5 | 0.55 | 0.05 | 10 | ||
1999-04-15 | 1999-03-31 | 0.36 | 0.45 | 0.09 | 25 | ||
1999-02-22 | 1998-12-31 | 0.21 | 0.29 | 0.08 | 38 | ||
1998-10-15 | 1998-09-30 | 0.23 | 0.3 | 0.07 | 30 | ||
1998-07-16 | 1998-06-30 | 0.35 | 0.4 | 0.05 | 14 | ||
1998-04-16 | 1998-03-31 | 0.22 | 0.29 | 0.07 | 31 | ||
1997-10-16 | 1997-09-30 | 0.13 | 0.15 | 0.02 | 15 | ||
1997-07-17 | 1997-06-30 | 0.16 | 0.24 | 0.08 | 50 | ||
1997-04-17 | 1997-03-31 | 0.14 | 0.18 | 0.04 | 28 | ||
1997-02-24 | 1996-12-31 | 0.12 | 0.02 | -0.1 | 83 | ||
1996-10-17 | 1996-09-30 | 0.05 | 0.05 | 0.0 | 0 | ||
1996-07-19 | 1996-06-30 | 0.12 | 0.11 | -0.01 | 8 | ||
1996-04-15 | 1996-03-31 | 0.08 | 0.14 | 0.06 | 75 | ||
1996-02-20 | 1995-12-31 | 0.04 | -0.27 | -0.31 | 775 |
About Astec Industries Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Astec Industries earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Astec Industries estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Astec Industries fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.Last Reported | Projected for 2024 | ||
Retained Earnings | 549.4 M | 576.9 M | |
Retained Earnings Total Equity | 607 M | 532.6 M | |
Price Earnings Ratio | 25.30 | 26.56 | |
Price Earnings To Growth Ratio | (0) | (0) |
Pair Trading with Astec Industries
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Astec Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Astec Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Astec Stock
0.76 | LEV | Lion Electric Corp Financial Report 14th of May 2024 | PairCorr |
0.62 | TWI | Titan International Financial Report 1st of May 2024 | PairCorr |
0.61 | HYFM | Hydrofarm Holdings Financial Report 8th of May 2024 | PairCorr |
0.57 | LNN | Lindsay Report 2nd of April 2024 | PairCorr |
0.55 | HY | Hyster-Yale Materials Financial Report 7th of May 2024 | PairCorr |
The ability to find closely correlated positions to Astec Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astec Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Astec Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Astec Industries to buy it.
The correlation of Astec Industries is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Astec Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astec Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Astec Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astec Industries. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Astec Stock refer to our How to Trade Astec Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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Is Astec Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Astec Industries. If investors know Astec will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Astec Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.945 | Dividend Share 0.52 | Earnings Share 1.47 | Revenue Per Share 58.9 | Quarterly Revenue Growth (0.04) |
The market value of Astec Industries is measured differently than its book value, which is the value of Astec that is recorded on the company's balance sheet. Investors also form their own opinion of Astec Industries' value that differs from its market value or its book value, called intrinsic value, which is Astec Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Astec Industries' market value can be influenced by many factors that don't directly affect Astec Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Astec Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Astec Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astec Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.