William Blair Reduces Q3 2023 EPS Estimates for SPX Technologies, to $0.86 Per Share
August 12, 2023
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SPX ($NYSE:SPXC) Technologies, Inc. is a publicly traded company that produces and distributes specialty tools and equipment for industrial and commercial operations. This is the fourth consecutive quarter that William Blair’s estimates have been lowered for SPX Technologies. The revised EPS forecast by William Blair follows a trend of downward revisions to the company’s earnings throughout the last year. Despite this, SPX Technologies’ stock price has continued to rise, which is likely due to investors’ optimism about the company’s long-term prospects.
SPX Technologies is expected to release its Q3 2023 results in mid-July this year, at which time investors will have a better idea of the company’s true financial performance. Until then, it remains to be seen whether or not William Blair’s revised EPS estimates will prove to be accurate.
Earnings
In the most recent earning report for the FY2023 Q2 ending June 30, 2021, SPX Technologies, Inc. reported a total revenue of 296.7M USD and a net income of 61.5M USD. This represents a 16.2% decrease in revenue compared to the previous year, however their net income has seen a remarkable 373.1% increase. Over the last three years, SPX Technologies’s total revenue has grown from 296.7M USD to 423.3M USD. Investors should pay close attention as to how SPX Technologies responds to this downward revision of their expected earnings.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Spx Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 1.62k | 54.6 | 4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Spx Technologies. More…
| Operations | Investing | Financing |
| 27.3 | -561.2 | 433.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Spx Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.5k | 1.33k | 25.72 |
Key Ratios Snapshot
Some of the financial key ratios for Spx Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.5% | -5.3% | 6.0% |
| FCF Margin | ROE | ROA |
| 0.5% | 5.3% | 2.4% |
Price History
In response to this, SPX TECHNOLOGIES’ stock opened at $84.6 and closed at $83.6, marking a decline of 1.1% from the previous closing price of 84.6. This news has raised concerns among investors, who are looking for further details regarding the revenue and profit projections of the company. With a reduced EPS estimation, shareholders of SPX TECHNOLOGIES are worried about the future performance of the company. Live Quote…
Analysis
As GoodWhale, we have conducted an analysis of SPX TECHNOLOGIES‘ fundamentals. Our Risk Rating has determined that SPX TECHNOLOGIES is a medium risk investment in terms of financial and business aspects. However, while conducting our analysis, we detected 2 risk warnings in the income sheet and balance sheet. To get more information about these risk warnings, sign up as a registered user on our platform. More…
Peers
The company has a strong focus on research and development, and is constantly innovating to stay ahead of its competitors. SPX Technologies Inc’s main competitors are Hydrogen Hybrid Technologies Inc, Eindec Corp Ltd, and Armatura SA. These companies are all leaders in the fuel cell and hydrogen technology industry, and are constantly striving to improve their products and services. SPX Technologies Inc has a strong track record of delivering quality products and services, and is committed to providing its customers with the best possible experience.
– Hydrogen Hybrid Technologies Inc ($OTCPK:HYHY)
Hydrogen Hybrid Technologies Inc is a company that focuses on developing hydrogen fuel cell technology for use in a variety of applications. The company has a market cap of 93.75k as of 2022 and a Return on Equity of -118.88%. Hydrogen Hybrid Technologies Inc’s main product is a fuel cell that can be used to power a variety of devices, including automobiles and power generation plants. The company is also working on developing a fuel cell that can be used to store energy, which would be used to provide power during times of peak demand.
– Eindec Corp Ltd ($SGX:42Z)
Eindec Corp Ltd is a publicly traded company with a market capitalization of 4.52M as of 2022. The company has a return on equity of 16.25%. Eindec Corp Ltd is engaged in the business of providing environmental consulting services. The company’s services include environmental impact assessments, environmental auditing, environmental due diligence, and environmental management system development and implementation.
– Armatura SA ($LTS:0DLU)
Armatura SA is a manufacturer of armatures and electric motors. The company has a market cap of 4.4M as of 2022 and a return on equity of 126.78%. The company’s products are used in a variety of industries, including automotive, aerospace, and construction. Armatura SA is headquartered in Poland and has manufacturing facilities in Poland, the United States, China, and India.
Summary
Investment analysts at William Blair recently cut their earnings per share (EPS) estimates for SPX Technologies, Inc. for the third quarter of 2023 to $0.86. This suggests a potential decrease in earnings for the company in the quarter compared to the prior year. Investors should carefully assess the associated risks and rewards of investing in SPX Technologies.
They should also consider other financial metrics such as revenue and cash flow to help guide their decisions. With careful due diligence and an informed approach, investors can make informed decisions and maximize returns.
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