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Machinery Stocks' Earnings on Apr 28: AGCO, ROP, B & AIMC
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As the Q1 earnings season is picking up pace, the earnings and revenue figures clearly show an improvement over the last few quarters.
Per the latest Earnings Preview report, total earnings for the 181 S&P 500 members that have reported results (as of Apr 26) across all sectors, which constitute 40% of the index’s total market capitalization, are up 10% from the year-ago period, driven by a 4.3% rise in revenues. Per the report, 75.7% companies posted an earnings beat, while 64.1% surpassed revenue estimates.
According to the Zacks Industry classification, the machinery industry is broadly grouped under the Industrial Products sector (one of the 16 broad Zacks sectors). So far, the sector has delivered better-than-expected results in this quarter. With 45.5% of the total S&P 500 companies in this sector having reported their results, 90% have delivered an earnings and sales beat.
Notably, the Industrial Products sector is one of the sectors which are expected to chart double-digit earnings growth this quarter. According to our latest numbers, the sector’s earnings are on track to climb 19.3% in the quarter compared with last year.
Now, let’s take a look at what’s in store for these machinery stocks when they release first-quarter 2017 numbers.
AGCO Corporation (AGCO - Free Report) is a leading manufacturer and distributor of agricultural equipment and related replacement parts. The company will report quarterly results before the market opens.
AGCO’s earnings in the last reported quarter gained 5% year over year. The company has an impressive earnings surprise history, beating estimates in each of the trailing four quarters, with a positive average surprise of 62.08%.
The company is poised to benefit from increased investments through capital expenditures and engineering spend. This will somewhat help mitigate the headwinds from escalating expenses and lower industry equipment demand.
Our proven model shows that AGCO is likely to beat on earnings this quarter. This is because the company has the right combination of the two key ingredients – a positive Earnings ESP (the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Note that we caution against stocks with Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
AGCO currently carries a Zacks Rank #2 and has an Earnings ESP of +5.88%.
Roper Technologies, Inc. (ROP - Free Report) designs and develops software, engineered products and solutions for healthcare, transportation, food, energy, water, education and other niche markets. The company is scheduled to report its quarterly numbers before the opening bell.
Last quarter, the company posted a positive earnings surprise of 2.20%. Roper surpassed estimates in three of the last four quarters and has an average positive surprise of 0.92%.
Roper’s distinct business model and strategic acquisitions are anticipated to drive growth. However, weakness in the oil and gas sectors, along with a muted global macroeconomic scenario is likely to affect the company's results.
Roper is expected to beat estimates because it has the right combination of the two key ingredients. Currently, the company has an Earnings ESP of +1.00% as the Most Accurate estimate of $2.02 comes above the Zacks Consensus Estimate of $2.00. Also, Roper’s favorable Zacks Rank #3 increases the predictive power of ESP.
Machinery company, Barnes Group Inc. (B - Free Report) is slated to release its quarterly figures before the market opens.
In the last reported quarter, the company registered year-over-year increase in both top and bottom lines. The company outpaced the Zacks Consensus Estimate in three out of the trailing four quarters, the average positive surprise being 4.36%.
Barnes Group is poised to benefit from its wide range of products and services, as well as organic and inorganic growth initiatives. However, the company is exposed to risks arising from soft commodity prices, dismal economic conditions and unfavorable foreign currency movements. (Read more: Barnes Group to Report Q1 Earnings: What's in Store?)
The combination of Barnes Group’s Zacks Rank #3 and an Earnings ESP of 0.00% makes earnings prediction difficult.
Altra Industrial Motion Corp. will report results before the opening bell. In the fourth quarter, the company’s earnings increased 13.9% year over year.
Altra Industrial Motion topped estimates in each of the trailing four quarters, with an average positive earnings surprise of 12.49%.
Altra Industrial Motion Corp. Price and EPS Surprise
Altra Industrial Motion holds solid growth potential, backed by a diversified product portfolio. In addition, acquisitions remain the company's preferred mode for expanding business opportunities.
Altra Industrial Motion carries a Zacks Rank #2. The combination of the company’s favorable Zacks Rank with a positive ESP of +5.00% makes us reasonably confident of an earnings beat.
Zacks’ Best Private Investment Ideas
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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.
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Machinery Stocks' Earnings on Apr 28: AGCO, ROP, B & AIMC
As the Q1 earnings season is picking up pace, the earnings and revenue figures clearly show an improvement over the last few quarters.
Per the latest Earnings Preview report, total earnings for the 181 S&P 500 members that have reported results (as of Apr 26) across all sectors, which constitute 40% of the index’s total market capitalization, are up 10% from the year-ago period, driven by a 4.3% rise in revenues. Per the report, 75.7% companies posted an earnings beat, while 64.1% surpassed revenue estimates.
According to the Zacks Industry classification, the machinery industry is broadly grouped under the Industrial Products sector (one of the 16 broad Zacks sectors). So far, the sector has delivered better-than-expected results in this quarter. With 45.5% of the total S&P 500 companies in this sector having reported their results, 90% have delivered an earnings and sales beat.
Notably, the Industrial Products sector is one of the sectors which are expected to chart double-digit earnings growth this quarter. According to our latest numbers, the sector’s earnings are on track to climb 19.3% in the quarter compared with last year.
Now, let’s take a look at what’s in store for these machinery stocks when they release first-quarter 2017 numbers.
AGCO Corporation (AGCO - Free Report) is a leading manufacturer and distributor of agricultural equipment and related replacement parts. The company will report quarterly results before the market opens.
AGCO’s earnings in the last reported quarter gained 5% year over year. The company has an impressive earnings surprise history, beating estimates in each of the trailing four quarters, with a positive average surprise of 62.08%.
AGCO Corporation Price and EPS Surprise
AGCO Corporation Price and EPS Surprise | AGCO Corporation Quote
The company is poised to benefit from increased investments through capital expenditures and engineering spend. This will somewhat help mitigate the headwinds from escalating expenses and lower industry equipment demand.
Our proven model shows that AGCO is likely to beat on earnings this quarter. This is because the company has the right combination of the two key ingredients – a positive Earnings ESP (the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Note that we caution against stocks with Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
AGCO currently carries a Zacks Rank #2 and has an Earnings ESP of +5.88%.
Roper Technologies, Inc. (ROP - Free Report) designs and develops software, engineered products and solutions for healthcare, transportation, food, energy, water, education and other niche markets. The company is scheduled to report its quarterly numbers before the opening bell.
Last quarter, the company posted a positive earnings surprise of 2.20%. Roper surpassed estimates in three of the last four quarters and has an average positive surprise of 0.92%.
Roper Technologies, Inc. Price and EPS Surprise
Roper Technologies, Inc. Price and EPS Surprise | Roper Technologies, Inc. Quote
Roper’s distinct business model and strategic acquisitions are anticipated to drive growth. However, weakness in the oil and gas sectors, along with a muted global macroeconomic scenario is likely to affect the company's results.
Roper is expected to beat estimates because it has the right combination of the two key ingredients. Currently, the company has an Earnings ESP of +1.00% as the Most Accurate estimate of $2.02 comes above the Zacks Consensus Estimate of $2.00. Also, Roper’s favorable Zacks Rank #3 increases the predictive power of ESP.
Machinery company, Barnes Group Inc. (B - Free Report) is slated to release its quarterly figures before the market opens.
In the last reported quarter, the company registered year-over-year increase in both top and bottom lines. The company outpaced the Zacks Consensus Estimate in three out of the trailing four quarters, the average positive surprise being 4.36%.
Barnes Group, Inc. Price and EPS Surprise
Barnes Group, Inc. Price and EPS Surprise | Barnes Group, Inc. Quote
Barnes Group is poised to benefit from its wide range of products and services, as well as organic and inorganic growth initiatives. However, the company is exposed to risks arising from soft commodity prices, dismal economic conditions and unfavorable foreign currency movements. (Read more: Barnes Group to Report Q1 Earnings: What's in Store?)
The combination of Barnes Group’s Zacks Rank #3 and an Earnings ESP of 0.00% makes earnings prediction difficult.
Altra Industrial Motion Corp. will report results before the opening bell. In the fourth quarter, the company’s earnings increased 13.9% year over year.
Altra Industrial Motion topped estimates in each of the trailing four quarters, with an average positive earnings surprise of 12.49%.
Altra Industrial Motion Corp. Price and EPS Surprise
Altra Industrial Motion Corp. Price and EPS Surprise | Altra Industrial Motion Corp. Quote
Altra Industrial Motion holds solid growth potential, backed by a diversified product portfolio. In addition, acquisitions remain the company's preferred mode for expanding business opportunities.
Altra Industrial Motion carries a Zacks Rank #2. The combination of the company’s favorable Zacks Rank with a positive ESP of +5.00% makes us reasonably confident of an earnings beat.
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 >>