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Barnes Group (B) Beats on Q1 Earnings and Revenues
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Barnes Group Inc. (B - Free Report) is a manufacturer of precision metal parts as well as distributes industrial supplies worldwide. End-markets served include aerospace, transportation, industrial equipment, consumer products, packaging, electronics, medical devices, energy, medical/pharmaceutical, and personal care/health care industries.
However, this machinery company faces risks from regulatory issues in the aerospace business, unfavorable foreign currency movements and weak economic conditions in some developed and developing nations. Investors are eagerly waiting for the company’s latest earnings report.
Over the last four trailing quarters, B has a positive average earnings surprise of 4.36%, beating estimates in all the four sessions.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Earnings beat. B’s adjusted earnings came in at 71 cents per share in first-quarter of 2017. The bottom line result surpassed the Zacks Consensus Estimate of 60 cents per share.
Revenue: Revenues beat. B generated revenues of $341.8 million, higher the Zacks Consensus Estimate of $316 million.
Key Stats to Note: For 2017, B anticipates organic revenue growth to be 5−6%, while total revenue is predicted to grow 8−9%. Adjusted earnings is anticipated to be within $2.68−$2.78 per share range.
Stock Price: Shares prices of B did not change on a pre-market trading basis.
As of Apr 27, 2017, B’s closed the trading session at $53.25 per share.
Check back our full write up on this B earnings report later!
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Barnes Group (B) Beats on Q1 Earnings and Revenues
Barnes Group Inc. (B - Free Report) is a manufacturer of precision metal parts as well as distributes industrial supplies worldwide. End-markets served include aerospace, transportation, industrial equipment, consumer products, packaging, electronics, medical devices, energy, medical/pharmaceutical, and personal care/health care industries.
However, this machinery company faces risks from regulatory issues in the aerospace business, unfavorable foreign currency movements and weak economic conditions in some developed and developing nations. Investors are eagerly waiting for the company’s latest earnings report.
Over the last four trailing quarters, B has a positive average earnings surprise of 4.36%, beating estimates in all the four sessions.
Currently, B has a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Earnings beat. B’s adjusted earnings came in at 71 cents per share in first-quarter of 2017. The bottom line result surpassed the Zacks Consensus Estimate of 60 cents per share.
Revenue: Revenues beat. B generated revenues of $341.8 million, higher the Zacks Consensus Estimate of $316 million.
Key Stats to Note: For 2017, B anticipates organic revenue growth to be 5−6%, while total revenue is predicted to grow 8−9%. Adjusted earnings is anticipated to be within $2.68−$2.78 per share range.
Stock Price: Shares prices of B did not change on a pre-market trading basis.
As of Apr 27, 2017, B’s closed the trading session at $53.25 per share.
Barnes Group, Inc. Price
Barnes Group, Inc. Price | Barnes Group, Inc. Quote
Check back our full write up on this B earnings report later!
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 ""Strong Buys"" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 ""Strong Sells."" Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>