Gorman-Rupp (GRC) Lags Q3 Earnings and Revenue Estimates

Company Performance - Gorman-Rupp reported quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.55 per share, but showing an increase from $0.34 per share a year ago, representing an earnings surprise of -10.91% [1] - The company posted revenues of $168.18 million for the quarter ended September 2024, which was 1.54% below the Zacks Consensus Estimate, and a slight increase from $167.46 million year-over-year [1] - Over the last four quarters, Gorman-Rupp has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [1] Stock Performance - Gorman-Rupp shares have increased by approximately 7.2% since the beginning of the year, compared to a 21.8% gain in the S&P 500 [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.45 on revenues of $164.7 million, and for the current fiscal year, it is $1.85 on revenues of $664.29 million [4] - The trend of estimate revisions for Gorman-Rupp is mixed, and future changes in estimates will be closely monitored following the recent earnings report [4] Industry Context - The Manufacturing - General Industrial industry, to which Gorman-Rupp belongs, is currently ranked in the top 41% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Another company in the same industry, Idex, is expected to report quarterly earnings of $1.89 per share, reflecting a year-over-year decline of 10.9%, with revenues projected at $790.95 million, down 0.3% from the previous year [5]