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Metal Fabrication Stocks Earnings on Jul 28: TKR, TRS & More
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As the Q2 earnings cycle picks up pace, we have seen moderate improvement over the lackluster performance of the last couple of quarters so far.
As per the latest Earnings Trends report, the overall picture for the S&P 500 index remains dull with total Q2 earnings, including actual results from 126 S&P 500 members that reported till Jul 22, expected to decline 3.4% year over year on 0.5% lower revenues.
If these projections are ultimately realized, this will mark the fifth straight quarter of an earnings decline for the benchmark index. The Energy sector remains the biggest laggard, with total earnings anticipated to plunge 78.7% year over year on 25.4% lower revenues.
The metal fabrication industry falls under the broader Basic Materials sector, and is among nine of the 16 Zacks sectors that are expected to see negative earnings growth in the second quarter.
Based on the earnings scorecard as of Jul 22, earnings for the sector participants in the S&P 500 index are up 1.2% year over year, while revenues witnessed a 4.8% improvement. Prospects of the Basic Materials sector appears tepid given expectations of a 13.9% earnings decline on 7.7% lower sales.
Let’s take a peek at four metal fabrication companies that are scheduled to report second-quarter numbers on Jul 28.
The Timken Company (TKR - Free Report) has an Earnings ESP of -2.00% as the Most Accurate estimate stands at 49 cents while the Zacks Consensus Estimate is pegged at 50 cents. The stock carries a Zacks Rank #4 (Sell). However, the company has outperformed the Zacks Consensus Estimate in all of the trailing four quarters.
TriMas Corporation (TRS - Free Report) has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 34 cents. The stock’s Zacks Rank #3 and 0.00% ESP makes surprise prediction difficult. The company outperformed the Zacks Consensus Estimate in three of the trailing four quarters and missed the same once.
Century Aluminum Co. (CENX - Free Report) has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of 9 cents. The stock carries a Zacks Rank #3 (Hold) which increases the predictive power of ESP, but its 0.00% ESP makes surprise prediction difficult. Century Aluminum beat the Zacks Consensus Estimate in two of the trailing four quarters and missed the same on the remaining two occasions.
Century Aluminum is implementing a number of actions to reduce costs and preserve cash amid a weak pricing environment. It is also expected to benefit from acquisitions (especially the Mt. Holly buyout) and value-added investment projects. (Read more: Will Century Aluminum Surprise in Q2 Earnings?)
Dynamic Materials Corp. (BOOM - Free Report) has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both are pegged at breakeven results. It carries a Zacks Rank #4 (Sell). The company has outperformed the Zacks Consensus Estimate once in the trailing four quarters, missing the same in the remaining three.
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Metal Fabrication Stocks Earnings on Jul 28: TKR, TRS & More
As the Q2 earnings cycle picks up pace, we have seen moderate improvement over the lackluster performance of the last couple of quarters so far.
As per the latest Earnings Trends report, the overall picture for the S&P 500 index remains dull with total Q2 earnings, including actual results from 126 S&P 500 members that reported till Jul 22, expected to decline 3.4% year over year on 0.5% lower revenues.
If these projections are ultimately realized, this will mark the fifth straight quarter of an earnings decline for the benchmark index. The Energy sector remains the biggest laggard, with total earnings anticipated to plunge 78.7% year over year on 25.4% lower revenues.
The metal fabrication industry falls under the broader Basic Materials sector, and is among nine of the 16 Zacks sectors that are expected to see negative earnings growth in the second quarter.
Based on the earnings scorecard as of Jul 22, earnings for the sector participants in the S&P 500 index are up 1.2% year over year, while revenues witnessed a 4.8% improvement. Prospects of the Basic Materials sector appears tepid given expectations of a 13.9% earnings decline on 7.7% lower sales.
Let’s take a peek at four metal fabrication companies that are scheduled to report second-quarter numbers on Jul 28.
The Timken Company (TKR - Free Report) has an Earnings ESP of -2.00% as the Most Accurate estimate stands at 49 cents while the Zacks Consensus Estimate is pegged at 50 cents. The stock carries a Zacks Rank #4 (Sell). However, the company has outperformed the Zacks Consensus Estimate in all of the trailing four quarters.
TIMKEN CO Price and EPS Surprise
TIMKEN CO Price and EPS Surprise | TIMKEN CO Quote
TriMas Corporation (TRS - Free Report) has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 34 cents. The stock’s Zacks Rank #3 and 0.00% ESP makes surprise prediction difficult. The company outperformed the Zacks Consensus Estimate in three of the trailing four quarters and missed the same once.
TRIMAS CORP Price and EPS Surprise
TRIMAS CORP Price and EPS Surprise | TRIMAS CORP Quote
Century Aluminum Co. (CENX - Free Report) has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of 9 cents. The stock carries a Zacks Rank #3 (Hold) which increases the predictive power of ESP, but its 0.00% ESP makes surprise prediction difficult. Century Aluminum beat the Zacks Consensus Estimate in two of the trailing four quarters and missed the same on the remaining two occasions.
Century Aluminum is implementing a number of actions to reduce costs and preserve cash amid a weak pricing environment. It is also expected to benefit from acquisitions (especially the Mt. Holly buyout) and value-added investment projects. (Read more: Will Century Aluminum Surprise in Q2 Earnings?)
CENTURY ALUM CO Price and EPS Surprise
CENTURY ALUM CO Price and EPS Surprise | CENTURY ALUM CO Quote
Dynamic Materials Corp. (BOOM - Free Report) has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both are pegged at breakeven results. It carries a Zacks Rank #4 (Sell). The company has outperformed the Zacks Consensus Estimate once in the trailing four quarters, missing the same in the remaining three.
DYNAMIC MATLS Price and EPS Surprise
DYNAMIC MATLS Price and EPS Surprise | DYNAMIC MATLS Quote
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