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 to Post Earnings on Apr 26: KMT, ROK & IR
Read MoreHide Full Article
With the Q1 earnings season taking center stage, investors are all eagerly waiting to note the daily beats and misses of mega companies.
Our latest Earnings Preview article reveals that 95 S&P 500 companies reported earnings till Apr 21, accounting for 24.9% of the index’s total market capitalization, with 72.6% topping EPS (earnings per share) estimates and 62.1% coming in ahead of top-line expectations.
Notably, nearly 800 companies (including 191 S&P 500 members) would be reporting results this week. Thus, a clearer picture of the earnings season is expected to emerge by the end of this week.
Industrial machinery stocks have been sturdy performers since the Presidential election in the U.S. Certain factors such as Donald Trump’s intentions to boost U.S. infrastructure spending and the recovering economy in China are expected to boost performance of a number of machinery stocks in the quarter. However, on the other hand, dismal pricing conditions prevailing in the mining and energy markets are likely to dent some solid growth opportunities.
According to the Zacks Industry classification, the machinery industry is broadly grouped under Industrial Products, one of the 16 Zacks sectors.
Performance of Industrial Products stocks has been fairly good till now. Our latest Earnings Preview article states that roughly 18.2% of the Industrial stocks in the S&P 500 Group have reported results for this quarter, recording 1.5% rise in earnings and 5.3% upside in revenues on a year-over-year basis.
We project that both earnings and revenues of all the industrial stocks in the S&P 500 Group would increase 7.9% year over year.
What’s in Store for these 3 Machinery Stocks?
Kennametal Inc. (KMT - Free Report) is slated to report third-quarter fiscal 2017 (ended Mar 31, 2017) results on Apr 26, before the market opens. The company’s average positive earnings surprise for the last four quarters is 9.90%.
However, our proven model does not conclusively show that Kennametal would beat estimates in this quarter. That 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 an earnings beat. That is not the case here as we will see below.
Kennametal’s Earnings ESP is 0.00%, as the Most Accurate estimate is in line with the Zacks Consensus Estimate of 43 cents. The company carries a favorable Zacks Rank #3, however we also need to have a positive ESP to be confident of an earnings beat.
Rockwell Automation Inc. (ROK - Free Report) is scheduled to report second-quarter fiscal 2017 (ended Mar 31, 2017) results on Apr 26, before the opening bell. The company generated an average positive earnings surprise of 8.16% over the trailing four quarters.
However, our proven model does not conclusively show that Rockwell would beat estimates in this quarter. The stock carries a favorable Zacks Rank #2, but an Earnings ESP of 0.00% makes surprise predictions inconclusive. The Most Accurate estimate for the stock comes in line with the Zacks Consensus Estimate of $1.40.
Over the last seven days, the Zacks Consensus Estimate for the stock marginally moved north 0.7% to $1.40.
The company is poised to grow on the back of higher demand and meaningful investments. However, on the flip side, dismal pricing conditions prevailing in the mining market or negative foreign currency translation impact are expected to curtail growth. (Read more: Rockwell Automation Q2 Earnings: What to Expect?)
Ingersoll-Rand Plc (IR - Free Report) is slated to report first-quarter 2017 results before the opening bell on Apr 26. The company’s average positive earnings surprise for the last four quarters is 10.47%. However, our proven model does not conclusively show that Ingersoll-Rand would beat estimates in this quarter. The stock carries a Zacks Rank #2, but its Earnings ESP of -9.43% makes surprise predictions inconclusive. The Most Accurate estimate of 48 cents comes below the Zacks Consensus Estimate of 53 cents.
Ingersoll-Rand PLC (Ireland) Price and EPS Surprise
Over the last seven days, the Zacks Consensus Estimate for the stock moved south 1.9% to 53 cents.
The company intends to fortify its business on the back of new investments, strategic acquisitions and greater cost discipline. However, headwinds in the industry might act as spoilsports. (Read more: What's in Store for Ingersoll this Earnings Season?)
Don’t miss on our full earnings release articles for these three machinery stocks, as the actual results might hold some surprises!
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Machinery Stocks to Post Earnings on Apr 26: KMT, ROK & IR
With the Q1 earnings season taking center stage, investors are all eagerly waiting to note the daily beats and misses of mega companies.
Our latest Earnings Preview article reveals that 95 S&P 500 companies reported earnings till Apr 21, accounting for 24.9% of the index’s total market capitalization, with 72.6% topping EPS (earnings per share) estimates and 62.1% coming in ahead of top-line expectations.
Notably, nearly 800 companies (including 191 S&P 500 members) would be reporting results this week. Thus, a clearer picture of the earnings season is expected to emerge by the end of this week.
Industrial machinery stocks have been sturdy performers since the Presidential election in the U.S. Certain factors such as Donald Trump’s intentions to boost U.S. infrastructure spending and the recovering economy in China are expected to boost performance of a number of machinery stocks in the quarter. However, on the other hand, dismal pricing conditions prevailing in the mining and energy markets are likely to dent some solid growth opportunities.
According to the Zacks Industry classification, the machinery industry is broadly grouped under Industrial Products, one of the 16 Zacks sectors.
Performance of Industrial Products stocks has been fairly good till now. Our latest Earnings Preview article states that roughly 18.2% of the Industrial stocks in the S&P 500 Group have reported results for this quarter, recording 1.5% rise in earnings and 5.3% upside in revenues on a year-over-year basis.
We project that both earnings and revenues of all the industrial stocks in the S&P 500 Group would increase 7.9% year over year.
What’s in Store for these 3 Machinery Stocks?
Kennametal Inc. (KMT - Free Report) is slated to report third-quarter fiscal 2017 (ended Mar 31, 2017) results on Apr 26, before the market opens. The company’s average positive earnings surprise for the last four quarters is 9.90%.
However, our proven model does not conclusively show that Kennametal would beat estimates in this quarter. That 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 an earnings beat. That is not the case here as we will see below.
Kennametal’s Earnings ESP is 0.00%, as the Most Accurate estimate is in line with the Zacks Consensus Estimate of 43 cents. The company carries a favorable Zacks Rank #3, however we also need to have a positive ESP to be confident of an earnings beat.
Kennametal Inc. Price and EPS Surprise
Kennametal Inc. Price and EPS Surprise | Kennametal Inc. Quote
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Over the last seven days, the Zacks Consensus Estimate for the stock remained unchanged at 43 cents. You can see the complete list of today’s Zacks #1 Rank stocks here.
Rockwell Automation Inc. (ROK - Free Report) is scheduled to report second-quarter fiscal 2017 (ended Mar 31, 2017) results on Apr 26, before the opening bell. The company generated an average positive earnings surprise of 8.16% over the trailing four quarters.
However, our proven model does not conclusively show that Rockwell would beat estimates in this quarter. The stock carries a favorable Zacks Rank #2, but an Earnings ESP of 0.00% makes surprise predictions inconclusive. The Most Accurate estimate for the stock comes in line with the Zacks Consensus Estimate of $1.40.
Rockwell Automation, Inc. Price and EPS Surprise
Rockwell Automation, Inc. Price and EPS Surprise | Rockwell Automation, Inc. Quote
Over the last seven days, the Zacks Consensus Estimate for the stock marginally moved north 0.7% to $1.40.
The company is poised to grow on the back of higher demand and meaningful investments. However, on the flip side, dismal pricing conditions prevailing in the mining market or negative foreign currency translation impact are expected to curtail growth. (Read more: Rockwell Automation Q2 Earnings: What to Expect?)
Ingersoll-Rand Plc (IR - Free Report) is slated to report first-quarter 2017 results before the opening bell on Apr 26. The company’s average positive earnings surprise for the last four quarters is 10.47%. However, our proven model does not conclusively show that Ingersoll-Rand would beat estimates in this quarter. The stock carries a Zacks Rank #2, but its Earnings ESP of -9.43% makes surprise predictions inconclusive. The Most Accurate estimate of 48 cents comes below the Zacks Consensus Estimate of 53 cents.
Ingersoll-Rand PLC (Ireland) Price and EPS Surprise
Ingersoll-Rand PLC (Ireland) Price and EPS Surprise | Ingersoll-Rand PLC (Ireland) Quote
Over the last seven days, the Zacks Consensus Estimate for the stock moved south 1.9% to 53 cents.
The company intends to fortify its business on the back of new investments, strategic acquisitions and greater cost discipline. However, headwinds in the industry might act as spoilsports. (Read more: What's in Store for Ingersoll this Earnings Season?)
Don’t miss on our full earnings release articles for these three machinery stocks, as the actual results might hold some surprises!
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>