Columbus McKinnon (CMCO) Lags Q3 Earnings and Revenue Estimates

Group 1: Earnings Performance - Columbus McKinnon reported quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.74 per share, and down from $0.74 per share a year ago [1] - The earnings surprise was -24.32%, with the company having surpassed consensus EPS estimates only once in the last four quarters [2] - The company posted revenues of $234.14 million for the quarter, missing the Zacks Consensus Estimate by 6.52%, and down from $254.14 million year-over-year [3] Group 2: Stock Performance and Outlook - Columbus McKinnon shares have declined approximately 8% since the beginning of the year, while the S&P 500 has gained 2.5% [4] - The company's earnings outlook is mixed, with current consensus EPS estimates for the coming quarter at $0.93 on revenues of $278.66 million, and $2.98 on revenues of $1.01 billion for the current fiscal year [8] Group 3: Industry Context - The Manufacturing - Material Handling industry, to which Columbus McKinnon belongs, is currently in the bottom 16% of over 250 Zacks industries, indicating potential challenges for stock performance [9]