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.
Air Products (APD) Beats Q2 Earnings & Sales Estimates
Read MoreHide Full Article
Air Products and Chemicals Inc. (APD - Free Report) makes industrial gases as well as a variety of polymer and performance chemicals. It also supplies processing equipment. The company serves technology, energy, industrial and health care customers globally.
Air Products benefits from a diverse customer base, sustained pricing power and cost-reduction measures. However, Air Products' industrial gases business in the EMEA is seeing pressure from a weak operating environment. The company is also exposed to currency headwinds.
Let’s have a quick look at the company’s second-quarter fiscal 2017 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Air Products for the fiscal second-quarter has been static over the last month. Air Products has beaten estimates in three of the last four quarters with an average positive surprise of 0.5%.
Earnings
Air Products logged adjusted earnings of $1.43 per share for the fiscal second-quarter, up 4% year over year. Earnings surpassed the Zacks Consensus Estimate of $1.38.
Air Products and Chemicals, Inc. Price and EPS Surprise
Air Products posted net sales of $1.98 billion for the quarter, up 11% year over year. It also beat the Zacks Consensus Estimate of $1.83 billion.
Key Stats/Developments to Note
Air Products said that it has a significant amount of cash to invest in its core industrial gases business. The company expects to have roughly $8 billion to deploy in strategic, high-return opportunities to create shareholder value over the next three years. For fiscal 2017, Air Products expects adjusted earnings per share of $6.00 to $6.25, which at midpoint, represents a 9% increase over last year. For the third-quarter fiscal 2017, Air Products anticipates adjusted earnings per share from continuing operations of $1.55 to $1.60 per share, which at midpoint, also represents a 9% increase over last year.
Zacks Rank
Currently, Air Products has a Zacks Rank #2 (Buy).
Market Reaction
Air Products’ shares remains inactive in pre-market trading.
Check back later for our full write up on Air Products’ earnings report!
Looking for Ideas with Even Greater Upside?
Most of Zacks’ investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Air Products (APD) Beats Q2 Earnings & Sales Estimates
Air Products and Chemicals Inc. (APD - Free Report) makes industrial gases as well as a variety of polymer and performance chemicals. It also supplies processing equipment. The company serves technology, energy, industrial and health care customers globally.
Air Products benefits from a diverse customer base, sustained pricing power and cost-reduction measures. However, Air Products' industrial gases business in the EMEA is seeing pressure from a weak operating environment. The company is also exposed to currency headwinds.
Let’s have a quick look at the company’s second-quarter fiscal 2017 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Air Products for the fiscal second-quarter has been static over the last month. Air Products has beaten estimates in three of the last four quarters with an average positive surprise of 0.5%.
Earnings
Air Products logged adjusted earnings of $1.43 per share for the fiscal second-quarter, up 4% year over year. Earnings surpassed the Zacks Consensus Estimate of $1.38.
Air Products and Chemicals, Inc. Price and EPS Surprise
Air Products and Chemicals, Inc. Price and EPS Surprise | Air Products and Chemicals, Inc. Quote
Revenues
Air Products posted net sales of $1.98 billion for the quarter, up 11% year over year. It also beat the Zacks Consensus Estimate of $1.83 billion.
Key Stats/Developments to Note
Air Products said that it has a significant amount of cash to invest in its core industrial gases business. The company expects to have roughly $8 billion to deploy in strategic, high-return opportunities to create shareholder value over the next three years. For fiscal 2017, Air Products expects adjusted earnings per share of $6.00 to $6.25, which at midpoint, represents a 9% increase over last year. For the third-quarter fiscal 2017, Air Products anticipates adjusted earnings per share from continuing operations of $1.55 to $1.60 per share, which at midpoint, also represents a 9% increase over last year.
Zacks Rank
Currently, Air Products has a Zacks Rank #2 (Buy).
Market Reaction
Air Products’ shares remains inactive in pre-market trading.
Check back later for our full write up on Air Products’ earnings report!
Looking for Ideas with Even Greater Upside?
Most of Zacks’ investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information>>