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.
Machinery Stocks' Q4 Earnings on Feb 23: ZBRA, TNC & More
Read MoreHide Full Article
We are in the final lap of the fourth-quarter earnings season, with 411 companies on the S&P 500 index having already reported their quarterly numbers. Total earnings have gone up 8% on the back of a 4.9% rise in revenues. The results so far have been quite encouraging with growth on track to be the highest in two years and total earnings for the quarter set to be a new quarterly record.
Per the latest Earnings Preview report, considering the actual results from the S&P 500 members that are yet to report, total earnings are expected to rise 7.4% year over year driven by a 3.9% growth in revenues.
This quarter, 12 of the 16 Zacks sectors are expected to log positive growth. The industrial products sector is one such sector, which has put up a growth of 6% for the fourth quarter on the back of a 4.1% rise in revenues owing to increased capital investment in the infrastructure market.
In this write-up, we put the spotlight on a few machinery stocks that are scheduled to report their fourth-quarter 2016 results before the market opens on Feb 23.
Zebra Technologies Corporation (ZBRA - Free Report) designs, manufactures, sells, and supports direct thermal and thermal transfer label printers, radio frequency identification printer/encoders, dye sublimation card printers, real-time locating solutions, related accessories, and support software worldwide. The company had reported a 2.9% rise in earnings despite a 1.3% drop in sales in the last reported quarter.
The company recorded better-than-expected results in three of the four trailing quarters, with an average positive earnings surprise of 5.80%.
Zebra Technologies Corporation Price and EPS Surprise
Our proven model does not conclusively show that Zebra Technologies is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The combination of Zebra Technologies’ Zacks Rank #4 (Sell) and an Earnings ESP of 0.00% makes an earnings beat unlikely this quarter. Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into an earnings announcement.
Tennant Company (TNC - Free Report) designs, manufactures, and markets cleaning solutions. The company had reported a 6% decline in earnings in the third quarter while revenues declined 2%.
The company had delivered positive earnings surprises in three of the four preceding quarters, with an average positive earnings surprise of 8.00%.
Though Tennant Company’s Zacks Rank #3 increases the predictive power of the ESP, its 0.00% ESP makes surprise prediction difficult.
Milacron Holdings Corp manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the U.S. and internationally. Further, the top line dipped 0.2% while the bottom line declined 3% on a year-over-year basis in third-quarter 2016.
Milacron has a fairly decent earnings surprise history. Milacron has outpaced the Zacks Consensus Estimate in three of the trailing four quarters, delivering a positive average earnings surprise of 5.66%.
Chart Industries, Inc. (GTLS - Free Report) manufactures and sells engineered equipment for the industrial gas, energy, and biomedical industries worldwide. Further, the company had reported a 104% year-over-year increase in third-quarter earnings despite a 23% plunge in revenues.
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Machinery Stocks' Q4 Earnings on Feb 23: ZBRA, TNC & More
We are in the final lap of the fourth-quarter earnings season, with 411 companies on the S&P 500 index having already reported their quarterly numbers. Total earnings have gone up 8% on the back of a 4.9% rise in revenues. The results so far have been quite encouraging with growth on track to be the highest in two years and total earnings for the quarter set to be a new quarterly record.
Per the latest Earnings Preview report, considering the actual results from the S&P 500 members that are yet to report, total earnings are expected to rise 7.4% year over year driven by a 3.9% growth in revenues.
This quarter, 12 of the 16 Zacks sectors are expected to log positive growth. The industrial products sector is one such sector, which has put up a growth of 6% for the fourth quarter on the back of a 4.1% rise in revenues owing to increased capital investment in the infrastructure market.
In this write-up, we put the spotlight on a few machinery stocks that are scheduled to report their fourth-quarter 2016 results before the market opens on Feb 23.
Zebra Technologies Corporation (ZBRA - Free Report) designs, manufactures, sells, and supports direct thermal and thermal transfer label printers, radio frequency identification printer/encoders, dye sublimation card printers, real-time locating solutions, related accessories, and support software worldwide. The company had reported a 2.9% rise in earnings despite a 1.3% drop in sales in the last reported quarter.
The company recorded better-than-expected results in three of the four trailing quarters, with an average positive earnings surprise of 5.80%.
Zebra Technologies Corporation Price and EPS Surprise
Zebra Technologies Corporation Price and EPS Surprise | Zebra Technologies Corporation Quote
Our proven model does not conclusively show that Zebra Technologies is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The combination of Zebra Technologies’ Zacks Rank #4 (Sell) and an Earnings ESP of 0.00% makes an earnings beat unlikely this quarter. Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into an earnings announcement.
Tennant Company (TNC - Free Report) designs, manufactures, and markets cleaning solutions. The company had reported a 6% decline in earnings in the third quarter while revenues declined 2%.
The company had delivered positive earnings surprises in three of the four preceding quarters, with an average positive earnings surprise of 8.00%.
Tennant Company Price and EPS Surprise
Tennant Company Price and EPS Surprise | Tennant Company Quote
Though Tennant Company’s Zacks Rank #3 increases the predictive power of the ESP, its 0.00% ESP makes surprise prediction difficult.
Milacron Holdings Corp manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the U.S. and internationally. Further, the top line dipped 0.2% while the bottom line declined 3% on a year-over-year basis in third-quarter 2016.
Milacron Holdings Corp. Price and EPS Surprise
Milacron Holdings Corp. Price and EPS Surprise | Milacron Holdings Corp. Quote
Milacron has a fairly decent earnings surprise history. Milacron has outpaced the Zacks Consensus Estimate in three of the trailing four quarters, delivering a positive average earnings surprise of 5.66%.
The combination of Milacron’s Earnings ESP of +11.43% and a Zacks Rank #2 makes us reasonably confident of an earnings beat. (Read more: Milacron to Post Q4 Earnings: A Beat in the Cards?).
Chart Industries, Inc. (GTLS - Free Report) manufactures and sells engineered equipment for the industrial gas, energy, and biomedical industries worldwide. Further, the company had reported a 104% year-over-year increase in third-quarter earnings despite a 23% plunge in revenues.
Chart Industries, Inc. Price and EPS Surprise
Chart Industries, Inc. Price and EPS Surprise | Chart Industries, Inc. Quote
The company has a positive average earnings surprise of 548.51% in the last four quarters.
Though Chart Industries’ Rank #1 increases the predictive power of ESP, its Earnings ESP of 0.00% makes surprise prediction difficult. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>