Top Wall Street Forecasters Revamp AZZ Expectations Ahead Of Q3 Earnings

Core Viewpoint - AZZ Inc. is set to release its third-quarter earnings on January 7, 2025, with expectations of increased earnings and revenue compared to the previous year [1]. Earnings Expectations - Analysts predict AZZ will report earnings of $1.49 per share, an increase from $1.39 per share in the same quarter last year [1]. - The consensus estimate for quarterly revenue is $419.47 million, up from $403.65 million a year earlier [1]. Stock Performance - AZZ shares rose by 2.4%, closing at $109.74 on the previous Friday [2]. Analyst Ratings - Wells Fargo analyst Timna Tanners maintained an Overweight rating, lowering the price target from $128 to $121 [3]. - B. Riley Securities analyst Lucas Pipes maintained a Buy rating, raising the price target from $131 to $140 [3]. - Evercore ISI Group analyst Stephen Richardson maintained an Outperform rating, increasing the price target from $90 to $108 [3]. - Sidoti & Co. analyst John Franzreb downgraded the stock from Buy to Neutral with a price target of $101 [3]. - Roth MKM analyst Gerry Sweeney initiated coverage with a Buy rating and a price target of $108 [3].