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Industrial Stocks' Q2 Earnings on Aug 11: MFS, PPSI & More
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For the U.S.-based industrial products stocks, the economic conditions of the home-country as well as that of the foreign countries it serves are of utmost importance. In the U.S., one of the leading economic indicators for the industrial stocks - industrial production - fell roughly 1% year over year in second-quarter 2016.
On a macro front, headwinds including adverse foreign currency movements and soft economic conditions in some developed and developing nations played spoilsport for many industrial stocks. However, the impacts of such adversities are believed to have ebbed compared with the previous quarter.
Per our report dated Aug 5, roughly 95.5% of industrial products stocks in the S&P 500 Group came up with results, recording a 1.2% decline in earnings and 4.5% fall in revenue. Considering the prevalent headwinds, earnings for the industrial products stocks in the S&P 500 Group are predicted to decline 4.9%, while revenue will likely fall 5.6%.
What’s in Store for 5 Industrial Stocks, MFS, PPSI, IPWR, VTNR, LIQT, for Second-Quarter?
Below we discuss briefly the expectations from the upcoming results (April–June quarter) of five industrial stocks:
Manitowoc Foodservice, Inc. : The supplier of commercial foodservice equipments is slated to release its second-quarter 2016 results on Aug 11, before the market opens. Last quarter, the company’s earnings of 15 cents per share surpassed the Zacks Consensus Estimate of $0.10 by 50%.
Our proven model does not conclusively show that Manitowoc Foodservice will be able to pull an earnings surprise. For a possible earnings beat, the company should have the right combination of two key ingredients – a positive Earnings ESP (the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate) and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold). Currently, the company carries a Zacks Rank #3 and a 0.00% ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock remained unchanged at 16 cents per share.
Pioneer Power Solutions, Inc. (PPSI - Free Report) : The manufacturer of electrical transmission and distribution equipment is slated to release its second-quarter 2016 results on Aug 11, after the market closes. The company’s financial performance has been mixed in the four trailing quarters, with an earnings beat in one, in-line results in one and better-than-expected results in two. Average earnings surprise was a negative 61.16%.
Our proven model does not conclusively show that Pioneer Power Solutions will beat earnings this quarter because it currently carries a Zacks Rank #3 and a 0.00% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has remained stable at 11 cents.
Ideal Power, Inc. (IPWR - Free Report) : The industrial company is slated to release its second-quarter 2016 results on Aug 11, after the market closes. In the trailing four quarters, the company lagged estimates in one quarter, while recording in-line results in one and better-than-expected results in two. Average earnings surprise was a positive 4.64%.
Our proven model does not conclusively show that Ideal Power will beat estimates this quarter because it currently carries a Zacks Rank #3 and a 0.00% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has remained stable at a loss of 31 cents per share.
Vertex Energy, Inc. (VTNR - Free Report) : The environmental services company is slated to release its second-quarter 2016 results on Aug 11, before the market opens. Over the four trailing quarters, the company reported lower-than-expected results in two quarters while surpassing estimates in two. Average earnings surprise is a positive 3.17%.
Our proven model conclusively shows that Vertex Energy will beat earnings this quarter because it currently carries a Zacks Rank #3 and a +20% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has increased from a loss of 17 cents per share to loss of 20 cents.
LiqTech International, Inc. (LIQT - Free Report) : The pollution control company is anticipated to release its second-quarter 2016 results on Aug 11, before the market opens. In the trailing four quarters, the company lagged estimates in two quarters, while surpassing estimates in two. Average earnings surprise was a positive 58.33%.
Our proven model does not conclusively show that LiqTech International will beat estimates this quarter because it currently carries a Zacks Rank #3 and a 0.00% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has remained stable at 2 cents per share.
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Industrial Stocks' Q2 Earnings on Aug 11: MFS, PPSI & More
For the U.S.-based industrial products stocks, the economic conditions of the home-country as well as that of the foreign countries it serves are of utmost importance. In the U.S., one of the leading economic indicators for the industrial stocks - industrial production - fell roughly 1% year over year in second-quarter 2016.
On a macro front, headwinds including adverse foreign currency movements and soft economic conditions in some developed and developing nations played spoilsport for many industrial stocks. However, the impacts of such adversities are believed to have ebbed compared with the previous quarter.
Per our report dated Aug 5, roughly 95.5% of industrial products stocks in the S&P 500 Group came up with results, recording a 1.2% decline in earnings and 4.5% fall in revenue. Considering the prevalent headwinds, earnings for the industrial products stocks in the S&P 500 Group are predicted to decline 4.9%, while revenue will likely fall 5.6%.
What’s in Store for 5 Industrial Stocks, MFS, PPSI, IPWR, VTNR, LIQT, for Second-Quarter?
Below we discuss briefly the expectations from the upcoming results (April–June quarter) of five industrial stocks:
Manitowoc Foodservice, Inc. : The supplier of commercial foodservice equipments is slated to release its second-quarter 2016 results on Aug 11, before the market opens. Last quarter, the company’s earnings of 15 cents per share surpassed the Zacks Consensus Estimate of $0.10 by 50%.
MANITOWOC FOODS Price and EPS Surprise
MANITOWOC FOODS Price and EPS Surprise | MANITOWOC FOODS Quote
Our proven model does not conclusively show that Manitowoc Foodservice will be able to pull an earnings surprise. For a possible earnings beat, the company should have the right combination of two key ingredients – a positive Earnings ESP (the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate) and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold). Currently, the company carries a Zacks Rank #3 and a 0.00% ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock remained unchanged at 16 cents per share.
Pioneer Power Solutions, Inc. (PPSI - Free Report) : The manufacturer of electrical transmission and distribution equipment is slated to release its second-quarter 2016 results on Aug 11, after the market closes. The company’s financial performance has been mixed in the four trailing quarters, with an earnings beat in one, in-line results in one and better-than-expected results in two. Average earnings surprise was a negative 61.16%.
PIONEER PWR SOL Price and EPS Surprise
PIONEER PWR SOL Price and EPS Surprise | PIONEER PWR SOL Quote
Our proven model does not conclusively show that Pioneer Power Solutions will beat earnings this quarter because it currently carries a Zacks Rank #3 and a 0.00% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has remained stable at 11 cents.
Ideal Power, Inc. (IPWR - Free Report) : The industrial company is slated to release its second-quarter 2016 results on Aug 11, after the market closes. In the trailing four quarters, the company lagged estimates in one quarter, while recording in-line results in one and better-than-expected results in two. Average earnings surprise was a positive 4.64%.
IDEAL POWER INC Price and EPS Surprise
IDEAL POWER INC Price and EPS Surprise | IDEAL POWER INC Quote
Our proven model does not conclusively show that Ideal Power will beat estimates this quarter because it currently carries a Zacks Rank #3 and a 0.00% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has remained stable at a loss of 31 cents per share.
Vertex Energy, Inc. (VTNR - Free Report) : The environmental services company is slated to release its second-quarter 2016 results on Aug 11, before the market opens. Over the four trailing quarters, the company reported lower-than-expected results in two quarters while surpassing estimates in two. Average earnings surprise is a positive 3.17%.
VERTEX ENERGY Price and EPS Surprise
VERTEX ENERGY Price and EPS Surprise | VERTEX ENERGY Quote
Our proven model conclusively shows that Vertex Energy will beat earnings this quarter because it currently carries a Zacks Rank #3 and a +20% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has increased from a loss of 17 cents per share to loss of 20 cents.
LiqTech International, Inc. (LIQT - Free Report) : The pollution control company is anticipated to release its second-quarter 2016 results on Aug 11, before the market opens. In the trailing four quarters, the company lagged estimates in two quarters, while surpassing estimates in two. Average earnings surprise was a positive 58.33%.
LIQTECH INTL Price and EPS Surprise
LIQTECH INTL Price and EPS Surprise | LIQTECH INTL Quote
Our proven model does not conclusively show that LiqTech International will beat estimates this quarter because it currently carries a Zacks Rank #3 and a 0.00% Earnings ESP. Over the last 60 days, the Zacks Consensus Estimate for the stock has remained stable at 2 cents per share.
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