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Industrial Stock Earnings Expected Around Feb 20: NDSN, SITE
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In 2016, Industrial Machinery in the U.S. was one of the most adversely impacted industries by the uncertainties in the global arena. However, the adverse impacts of weak commodity prices, low demand in the energy sector, poor economic conditions in some developed and developing nations, the U.K’s decision to exit the European Union, and unfavorable foreign currency movements seem to be ebbing. Also, we believe that policies of the newly elected President, Donald Trump will prove beneficial for machinery stocks going forward.
Industrial Products is one of the 16 broad Zacks sectors. Below we briefly discuss the sectors’ earnings trend so far in the Oct-Dec 2016 quarter.
Per the Earnings Trends dated Feb 15, 2017, roughly 90.9% of Industrial stocks that reported their Oct-Dec quarter results as of Feb 15 recorded an 8.4% growth in earnings and 4.7% rise in revenues. Considering the results of all Industrial stocks in the S&P 500 Group, earnings for the sector are predicted to increase 5.1%, while revenues will grow 4.1%.
What’s in Store for 2 Industrial Stocks, NDSN & SITE in the Quarter?
Below we discuss briefly the expectations from the two industrial stocks expected to report their numbers on Feb 20:
Nordson Corporation (NDSN - Free Report) : The company is slated to release its first-quarter fiscal 2017 (ended Jan 2017) results after market close. It recorded better-than-expected results in all the four trailing quarters, with an average positive earnings surprise of 15.40%.
Our proven model does not conclusively show that Nordson will beat earnings this quarter as it currently carries a Zacks Rank #2 (Buy) and 0.00% Earnings ESP (the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
For a possible earnings beat, the company should have the right combination of two key ingredients – a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 or #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Note that we caution against stocks with a Zacks Rank #4 or #5 (Sell-rated) going into the earnings announcement, especially when the company is seeing a negative estimate revisions momentum.
Over the last 60 days, the Zacks Consensus Estimate for Nordson decreased 1.2% to 82 cents.
SiteOne Landscape Supply, Inc. (SITE - Free Report) : The company is expected to release fourth-quarter 2016 numbers. Its results were below expectations in the three of the four last quarters, with an average negative earnings surprise of 347.07%.
SiteOne Landscape Supply, Inc. Price and EPS Surprise
Our proven model does not conclusively show that SiteOne Landscape Supply 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 remained stable at a loss of 8 cents.
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? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>
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Industrial Stock Earnings Expected Around Feb 20: NDSN, SITE
In 2016, Industrial Machinery in the U.S. was one of the most adversely impacted industries by the uncertainties in the global arena. However, the adverse impacts of weak commodity prices, low demand in the energy sector, poor economic conditions in some developed and developing nations, the U.K’s decision to exit the European Union, and unfavorable foreign currency movements seem to be ebbing. Also, we believe that policies of the newly elected President, Donald Trump will prove beneficial for machinery stocks going forward.
Industrial Products is one of the 16 broad Zacks sectors. Below we briefly discuss the sectors’ earnings trend so far in the Oct-Dec 2016 quarter.
Per the Earnings Trends dated Feb 15, 2017, roughly 90.9% of Industrial stocks that reported their Oct-Dec quarter results as of Feb 15 recorded an 8.4% growth in earnings and 4.7% rise in revenues. Considering the results of all Industrial stocks in the S&P 500 Group, earnings for the sector are predicted to increase 5.1%, while revenues will grow 4.1%.
What’s in Store for 2 Industrial Stocks, NDSN & SITE in the Quarter?
Below we discuss briefly the expectations from the two industrial stocks expected to report their numbers on Feb 20:
Nordson Corporation (NDSN - Free Report) : The company is slated to release its first-quarter fiscal 2017 (ended Jan 2017) results after market close. It recorded better-than-expected results in all the four trailing quarters, with an average positive earnings surprise of 15.40%.
Nordson Corporation Price and EPS Surprise
Nordson Corporation Price and EPS Surprise | Nordson Corporation Quote
Our proven model does not conclusively show that Nordson will beat earnings this quarter as it currently carries a Zacks Rank #2 (Buy) and 0.00% Earnings ESP (the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
For a possible earnings beat, the company should have the right combination of two key ingredients – a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 or #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Note that we caution against stocks with a Zacks Rank #4 or #5 (Sell-rated) going into the earnings announcement, especially when the company is seeing a negative estimate revisions momentum.
Over the last 60 days, the Zacks Consensus Estimate for Nordson decreased 1.2% to 82 cents.
SiteOne Landscape Supply, Inc. (SITE - Free Report) : The company is expected to release fourth-quarter 2016 numbers. Its results were below expectations in the three of the four last quarters, with an average negative earnings surprise of 347.07%.
SiteOne Landscape Supply, Inc. Price and EPS Surprise
SiteOne Landscape Supply, Inc. Price and EPS Surprise | SiteOne Landscape Supply, Inc. Quote
Our proven model does not conclusively show that SiteOne Landscape Supply 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 remained stable at a loss of 8 cents.
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? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>