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Machinery Stocks Reporting Q2 Earnings on Jul 21: AIMC, DOV
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With the Q2 earnings season taking center stage, investors are all eagerly waiting to note the daily beats and misses of mega companies.
According to the Zacks Industry classification, the machinery industry is broadly grouped under Industrial Products, one of the 16 Zacks sectors. Per our report dated Jul 15, 2016, earnings for the Industrial Products sector are expected to decline 8.6% in Q2, while revenues will likely fall 5.6%.
We expect headwinds like economic sluggishness of major industrial goods’ consuming countries like China, forex woes and dismal pricing conditions prevailing in energy & mining markets to limit growth for the industrial products companies in Q2.
The performance of machinery stocks is particularly important this earnings season as these companies are directly influenced by the energy and mining markets, which have been persistently weak for quite sometime now. Let’s take a look at how these two machinery stocks might fare in Q2 (April-June quarter):
What’s in Store for These Machinery Primes?
Altra Industrial Motion Corp. is slated to report Q2 on Jul 21, before the opening bell. In the last four quarters, the company reported a positive average earnings surprise of 7.28%. But our proven model does not conclusively show that Altra Industrial is likely to beat earnings this quarter. This is because the company’s Earnings ESP (the difference between the Most Accurate estimate and the Zacks Consensus Estimate) is 0.00%. Though the company carries a favorable Zacks Rank #3 (Hold), its 0.00% ESP makes surprise prediction difficult. However, we note that over the last 60 days, the Zacks Consensus Estimate for the stock has been revised upward for both 2016 and 2017. The Zacks Consensus Estimate for the stock is currently pegged at 39 cents per share for Q2.
Dover Corporation (DOV - Free Report) is set to release Q2 results, before the market opens on Jul 21. The combination of Dover’s Zacks Rank #3 and Earnings ESP of +1.16% makes us confident of an earnings beat. Benefits from solid growth from the industrial, hygienic and pharmaceutical markets, successful acquisition of Tokheim's dispenser and system businesses as well as new product launches are expected to boost the company’s revenues and margins in the soon-to-be-reported quarter. (Read more: Why an Earnings Beat Is Likely for Dover in 2Q16?).
Don’t miss on our full earnings release articles for these two bigwigs, as the actual results might hold some surprises!
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Machinery Stocks Reporting Q2 Earnings on Jul 21: AIMC, DOV
With the Q2 earnings season taking center stage, investors are all eagerly waiting to note the daily beats and misses of mega companies.
According to the Zacks Industry classification, the machinery industry is broadly grouped under Industrial Products, one of the 16 Zacks sectors. Per our report dated Jul 15, 2016, earnings for the Industrial Products sector are expected to decline 8.6% in Q2, while revenues will likely fall 5.6%.
We expect headwinds like economic sluggishness of major industrial goods’ consuming countries like China, forex woes and dismal pricing conditions prevailing in energy & mining markets to limit growth for the industrial products companies in Q2.
The performance of machinery stocks is particularly important this earnings season as these companies are directly influenced by the energy and mining markets, which have been persistently weak for quite sometime now. Let’s take a look at how these two machinery stocks might fare in Q2 (April-June quarter):
What’s in Store for These Machinery Primes?
Altra Industrial Motion Corp. is slated to report Q2 on Jul 21, before the opening bell. In the last four quarters, the company reported a positive average earnings surprise of 7.28%. But our proven model does not conclusively show that Altra Industrial is likely to beat earnings this quarter. This is because the company’s Earnings ESP (the difference between the Most Accurate estimate and the Zacks Consensus Estimate) is 0.00%. Though the company carries a favorable Zacks Rank #3 (Hold), its 0.00% ESP makes surprise prediction difficult. However, we note that over the last 60 days, the Zacks Consensus Estimate for the stock has been revised upward for both 2016 and 2017. The Zacks Consensus Estimate for the stock is currently pegged at 39 cents per share for Q2.
ALTRA INDUS MOT Price and EPS Surprise
ALTRA INDUS MOT Price and EPS Surprise | ALTRA INDUS MOT Quote
Dover Corporation (DOV - Free Report) is set to release Q2 results, before the market opens on Jul 21. The combination of Dover’s Zacks Rank #3 and Earnings ESP of +1.16% makes us confident of an earnings beat. Benefits from solid growth from the industrial, hygienic and pharmaceutical markets, successful acquisition of Tokheim's dispenser and system businesses as well as new product launches are expected to boost the company’s revenues and margins in the soon-to-be-reported quarter. (Read more: Why an Earnings Beat Is Likely for Dover in 2Q16?).
DOVER CORP Price and EPS Surprise
DOVER CORP Price and EPS Surprise | DOVER CORP Quote
Don’t miss on our full earnings release articles for these two bigwigs, as the actual results might hold some surprises!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>