Earnings Preview: Crane

Crane Company

is set to report its quarterly earnings results after the closing bell on Monday. Wall Street analysts are projecting that the company will report earnings per share of $0.90. The low EPS estimate is $0.88 with a high estimate of $0.92. This compares to the $0.68 that Crane reported in the year ago quarter. On the revenue front, analysts have consensus estimates of $649.79 million with a low estimate of $639.55 million and a high estimate of $655.33 million. This compares to revenue of $574.01 million in the year ago period. Over the last 90 days, EPS estimates have risen by a penny from $0.89 to $0.90. During this time, CR shares have jumped 18.67%. On Monday, ahead of the company's earnings report, CR is up 0.12% to $50.46 and is outperforming the S&P 500 by roughly 34 basis points. Crane Co. and its subsidiaries are a manufacturer of engineered industrial products. The Company consists of five segments: Aerospace & Electronics, Engineered Materials, Merchandising Systems, Fluid Handling and Controls.