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.
Snap-On (SNA) Earnings & Revenues Beat Estimates in Q4
Read MoreHide Full Article
Headquartered in Kenosha, WI, Snap-on Incorporated (SNA - Free Report) is a global provider of professional tools, equipment, and related solutions for technicians, vehicle service centers, original equipment manufacturers and other industrial users. The company divides its operations in four segments: Snap-on Tools Group, Commercial & Industrial Group, Repair Systems & Information Group and Financial Services segment.
Snap-on’s overarching business model, which aims to maximize value-creation by focusing on areas like safety, quality of service, customer satisfaction and innovation, has emerged as a tried and tested growth driver. In this regard, the rapid improvement process, designed to improve organizational efficiency and slash costs, including working capital requirements, has helped Snap-on improve sales, margins and savings over the past few quarters.
Despite these positives, ongoing softness in industrial markets has significantly affected client spending, marring the company’s prospects. Also, sluggish oil and gas market pose as concerns for the company.
However, SNA has an outstanding earnings track record, and has delivered an average positive earnings surprise of 4.1% in the last four trailing quarters, beating estimates all through.
Revenue: Net sales of $889.8 million topped the Zacks Consensus Estimate of $884 million.
Key Stats: Despite a challenging macroeconomic environment, SNA witnessed an 11.3% rise in earnings per share, in addition to remarkable operating margin expansion and decent organic sales growth. Going forward, the company expects its value-creation processes will lead to improvements in safety, quality of service, customer satisfaction and innovation.
Stock Price: SNA 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 SNA earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Snap-On (SNA) Earnings & Revenues Beat Estimates in Q4
Headquartered in Kenosha, WI, Snap-on Incorporated (SNA - Free Report) is a global provider of professional tools, equipment, and related solutions for technicians, vehicle service centers, original equipment manufacturers and other industrial users. The company divides its operations in four segments: Snap-on Tools Group, Commercial & Industrial Group, Repair Systems & Information Group and Financial Services segment.
Snap-on’s overarching business model, which aims to maximize value-creation by focusing on areas like safety, quality of service, customer satisfaction and innovation, has emerged as a tried and tested growth driver. In this regard, the rapid improvement process, designed to improve organizational efficiency and slash costs, including working capital requirements, has helped Snap-on improve sales, margins and savings over the past few quarters.
Despite these positives, ongoing softness in industrial markets has significantly affected client spending, marring the company’s prospects. Also, sluggish oil and gas market pose as concerns for the company.
However, SNA has an outstanding earnings track record, and has delivered an average positive earnings surprise of 4.1% in the last four trailing quarters, beating estimates all through.
Currently, SNA has a Zacks Rank #2 (Buy), but that could change following its fourth-quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: SNA beat on earnings. Net earnings came in at $2.47 per share, notably higher than the Zacks Consensus Estimate of $2.41.
Snap-On Incorporated Price and EPS Surprise
Snap-On Incorporated Price and EPS Surprise | Snap-On Incorporated Quote
Revenue: Net sales of $889.8 million topped the Zacks Consensus Estimate of $884 million.
Key Stats: Despite a challenging macroeconomic environment, SNA witnessed an 11.3% rise in earnings per share, in addition to remarkable operating margin expansion and decent organic sales growth. Going forward, the company expects its value-creation processes will lead to improvements in safety, quality of service, customer satisfaction and innovation.
Stock Price: SNA 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 SNA earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>