We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Rockwell Automation Inc. (ROK - Free Report) is the world’s largest company dedicated to industrial automation. Its products, services and solutions address a broad range of challenges in every major industrial sector, from automotive and tire to mining and oil and gas, from pharmaceuticals to food and beverage. Its brands include Allen-Bradley, Reliance Electric and Rockwell Software.
Rockwell’s growth and performance strategy seeks to achieve growth rates in excess of the automation market by expanding its served market, diversifying sales streams by broadening portfolio of products, solutions and services, expanding its global presence, growing market share and making acquisitions. Heavy industry end markets including oil and gas have not yet stabilized, and Rockwell Automation foresees continued softness in key emerging markets. In the U.S., its largest market, a strong dollar is adversely affecting producers and OEMs. Moreover, weakness in the mining industry and lack of major projects also remain concerns.
Investors have thus been eagerly awaiting the company’s fiscal 2017 first quarter earnings report. Let’s have a quick look at the earnings release of this Milwaukee, WI-based provider industrial automation power, control, and information solutions.
Estimate Trend & Surprise History: The earnings estimate revisions for Rockwell Automation has gone up over the last 30 days. The Zacks Consensus Estimate for the first quarter of fiscal 2017 has gone up 1% and currently stands at $1.45. As regards earnings surprise, Rockwell Automation outpaced the Zacks Consensus Estimate in all of the past four quarters, with an average beat of 5.79%.
Earnings: Rockwell Automation beat estimates by a margin of 21%. Our consensus called for first quarter fiscal 2017 EPS of $1.45, while the company reported adjusted EPS of $1.75.
Revenue: Rockwell Automation also beat on the revenue front. It reported first quarter fiscal 2017 revenues of $1,490 million, ahead of the Zacks Consensus Estimate of $1,419 million.
Key Developments to Note: Given the strong first quarter results, Rockwell Automation increased its fiscal 2017 organic sales and earnings per share guidance ranges. For 2017, the company now expects adjusted EPS in the range of $5.95 to $6.35 per share. The company forecasts reported sales growth to be in the range of 1% to 5%.
Zacks Rank: Currently, Rockwell Automation has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.
Market Reaction: Rockwell Automation’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Rockwell Automation earnings report later!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017? Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Rockwell Automation (ROK) Q1 Earnings, Sales Beat Estimates
Rockwell Automation Inc. (ROK - Free Report) is the world’s largest company dedicated to industrial automation. Its products, services and solutions address a broad range of challenges in every major industrial sector, from automotive and tire to mining and oil and gas, from pharmaceuticals to food and beverage. Its brands include Allen-Bradley, Reliance Electric and Rockwell Software.
Rockwell’s growth and performance strategy seeks to achieve growth rates in excess of the automation market by expanding its served market, diversifying sales streams by broadening portfolio of products, solutions and services, expanding its global presence, growing market share and making acquisitions. Heavy industry end markets including oil and gas have not yet stabilized, and Rockwell Automation foresees continued softness in key emerging markets. In the U.S., its largest market, a strong dollar is adversely affecting producers and OEMs. Moreover, weakness in the mining industry and lack of major projects also remain concerns.
Investors have thus been eagerly awaiting the company’s fiscal 2017 first quarter earnings report. Let’s have a quick look at the earnings release of this Milwaukee, WI-based provider industrial automation power, control, and information solutions.
Estimate Trend & Surprise History: The earnings estimate revisions for Rockwell Automation has gone up over the last 30 days. The Zacks Consensus Estimate for the first quarter of fiscal 2017 has gone up 1% and currently stands at $1.45. As regards earnings surprise, Rockwell Automation outpaced the Zacks Consensus Estimate in all of the past four quarters, with an average beat of 5.79%.
Rockwell Automation, Inc. Price and EPS Surprise
Rockwell Automation, Inc. Price and EPS Surprise | Rockwell Automation, Inc. Quote
Earnings: Rockwell Automation beat estimates by a margin of 21%. Our consensus called for first quarter fiscal 2017 EPS of $1.45, while the company reported adjusted EPS of $1.75.
Revenue: Rockwell Automation also beat on the revenue front. It reported first quarter fiscal 2017 revenues of $1,490 million, ahead of the Zacks Consensus Estimate of $1,419 million.
Key Developments to Note: Given the strong first quarter results, Rockwell Automation increased its fiscal 2017 organic sales and earnings per share guidance ranges. For 2017, the company now expects adjusted EPS in the range of $5.95 to $6.35 per share. The company forecasts reported sales growth to be in the range of 1% to 5%.
Zacks Rank: Currently, Rockwell Automation has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.
Market Reaction: Rockwell Automation’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Rockwell Automation earnings report later!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017? Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>