L.B. Foster (FSTR) Q2 Earnings Lag Estimates

Core Viewpoint - L.B. Foster reported quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.42 per share, representing a -38.10% earnings surprise [1] - The company posted revenues of $140.8 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.50%, but down from $148.03 million year-over-year [2] Financial Performance - Earnings per share (EPS) decreased from $0.32 a year ago to $0.26 this quarter [1] - The company has surpassed consensus revenue estimates four times over the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is $0.55 on revenues of $141.89 million, and for the current fiscal year, it is $1.72 on revenues of $540.13 million [7] Stock Performance - L.B. Foster shares have declined approximately 6.4% since the beginning of the year, contrasting with the S&P 500's gain of 8.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The Steel - Producers industry, to which L.B. Foster belongs, is currently ranked in the bottom 8% of over 250 Zacks industries, suggesting potential challenges ahead [8]