AZZ Inc reports results for the quarter ended August 31 — Earnings Summary

AZZ Inc reported quarterly adjusted earnings of $2.00​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of $1.55. The mean expectation of ten analysts for the quarter was for earnings of $1.85 per share. Wall Street expected results to range from $1.75 to $2.00 per share. Revenue rose 16.7% to $486.89 million from a year ago; analysts expected $463.48 million. AZZ Inc's reported EPS for the quarter was $1.94​. The company reported quarterly net income of $58.45 million. AZZ Inc shares had risen by 2.5% this quarter and gained 28.5% so far this year. Forecast Changes The mean earnings estimate of analysts was unchanged in the last three months.​ In the last 30 days, there have been no earnings estimate revisions by analysts covering the company. Recommendations The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the iron & steel peer group is also "buy" Wall Street's median 12-month price target for AZZ Inc is $162.44, about 15.8% above its last closing price of $136.7