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Amphenol (APH) Beats on Q4 Earnings, 2017 Guidance Bullish
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Amphenol Corporation (APH - Free Report) designs and manufactures connectors and interconnecting systems that are used to transmit electrical and optical signals for a wide range of sophisticated electronic applications. The top-line growth of the company is expected to benefit from improved end-market demand, new product rollouts and market share gains.
However, bulk of APH’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change. As the extent of competition is increasing over time, investors have been eagerly awaiting for the company’s latest earnings report. In the last four trailing quarters, APH has reported a positive average earnings surprise of 5.7%, beating estimates on all occasions.
Currently, APH has a Zacks Rank #4 (Sell), but that could definitely change following the fourth-quarter 2016 earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: APH beats on earnings. APH reported GAAP earnings of 75 cents, which exceeded the Zacks Consensus Estimate and the year-ago tally by 3 cents and 12 cents, respectively.
Revenue: Quarterly revenues beat estimates. APH recorded revenues of $1,651.1 million, well ahead of the Zacks Consensus Estimate of $1,609 million.
Key Stats to Note: APH is likely to perform well in the dynamic electronics marketplace due to its leading technology, higher demand across almost all the end markets, lean cost structure, diligent execution of operational plans and an experienced management team. APH has offered bullish guidance for full year 2017. The company expects sales in the range of $6.340–$6.500 billion, representing a year-over-year increase of 1–3%, and EPS in the range of $2.84–$2.92, an increase of 9–12% over 2016 GAAP EPS.
Stock Price: With strong quarterly results and bullish outlook, shares prices were up in pre-market trading at the time of writing.
Check back our full write up on this APH earnings report later!
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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>>
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Amphenol (APH) Beats on Q4 Earnings, 2017 Guidance Bullish
Amphenol Corporation (APH - Free Report) designs and manufactures connectors and interconnecting systems that are used to transmit electrical and optical signals for a wide range of sophisticated electronic applications. The top-line growth of the company is expected to benefit from improved end-market demand, new product rollouts and market share gains.
However, bulk of APH’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change. As the extent of competition is increasing over time, investors have been eagerly awaiting for the company’s latest earnings report. In the last four trailing quarters, APH has reported a positive average earnings surprise of 5.7%, beating estimates on all occasions.
Currently, APH has a Zacks Rank #4 (Sell), but that could definitely change following the fourth-quarter 2016 earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: APH beats on earnings. APH reported GAAP earnings of 75 cents, which exceeded the Zacks Consensus Estimate and the year-ago tally by 3 cents and 12 cents, respectively.
Amphenol Corporation Price and EPS Surprise
Amphenol Corporation Price and EPS Surprise | Amphenol Corporation Quote
Revenue: Quarterly revenues beat estimates. APH recorded revenues of $1,651.1 million, well ahead of the Zacks Consensus Estimate of $1,609 million.
Key Stats to Note: APH is likely to perform well in the dynamic electronics marketplace due to its leading technology, higher demand across almost all the end markets, lean cost structure, diligent execution of operational plans and an experienced management team. APH has offered bullish guidance for full year 2017. The company expects sales in the range of $6.340–$6.500 billion, representing a year-over-year increase of 1–3%, and EPS in the range of $2.84–$2.92, an increase of 9–12% over 2016 GAAP EPS.
Stock Price: With strong quarterly results and bullish outlook, shares prices were up in pre-market trading at the time of writing.
Check back our full write up on this APH 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>>