Barnes Group Inc. (B) is a manufacturer of precision metal parts as well as distributes industrial supplies worldwide. End-markets served include aerospace, transportation, industrial equipment, consumer products, packaging, electronics, medical devices, energy, medical/pharmaceutical, and personal care/health care industries. It currently has a $2 billion market capitalization.
However, this machinery company faces risks from regulatory issues in the aerospace business, unfavorable foreign currency movements and weak economic conditions in some developed and developing nations. Investors are eagerly waiting for the company’s latest earnings report.
In the trailing four quarters, Barnes Group delivered better-than-expected results in one, lagged behind in two and posted in-line result in one. Average earnings surprise was a negative 2.66%.
Currently, Barnes Group has a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Barnes Group’ adjusted earnings came in at 63 cents per share in second-quarter of 2016. The bottom line result surpassed the Zacks Consensus Estimate of 59 cents per share.
Revenue: Revenues lagged. Barnes Group generated revenues of $307 million, below the Zacks Consensus Estimate of $308.7 million.
Key Stats to Note: For 2016, Barnes Group anticipates organic revenue growth of 0% to 2% while total revenue is predicted to grow 3−4% versus 2−4% expected earlier. Adjusted earnings is anticipated to be within $2.46−$2.56 per share range versus $2.43−$2.58 predicted earlier.
Stock Price: Barnes Group shares were down 0.19% ahead of the report.
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Barnes Group (B) Beats Q2 Earnings, Lags on Revenues
Barnes Group Inc. (B) is a manufacturer of precision metal parts as well as distributes industrial supplies worldwide. End-markets served include aerospace, transportation, industrial equipment, consumer products, packaging, electronics, medical devices, energy, medical/pharmaceutical, and personal care/health care industries. It currently has a $2 billion market capitalization.
However, this machinery company faces risks from regulatory issues in the aerospace business, unfavorable foreign currency movements and weak economic conditions in some developed and developing nations. Investors are eagerly waiting for the company’s latest earnings report.
In the trailing four quarters, Barnes Group delivered better-than-expected results in one, lagged behind in two and posted in-line result in one. Average earnings surprise was a negative 2.66%.
BARNES GRP Price and EPS Surprise
BARNES GRP Price and EPS Surprise | BARNES GRP Quote
Currently, Barnes Group has a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Barnes Group’ adjusted earnings came in at 63 cents per share in second-quarter of 2016. The bottom line result surpassed the Zacks Consensus Estimate of 59 cents per share.
Revenue: Revenues lagged. Barnes Group generated revenues of $307 million, below the Zacks Consensus Estimate of $308.7 million.
Key Stats to Note: For 2016, Barnes Group anticipates organic revenue growth of 0% to 2% while total revenue is predicted to grow 3−4% versus 2−4% expected earlier. Adjusted earnings is anticipated to be within $2.46−$2.56 per share range versus $2.43−$2.58 predicted earlier.
Stock Price: Barnes Group shares were down 0.19% ahead of the report.
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 >>