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Machinery Stocks Q1 Earnings Roster for May 8: SNHY, MTW
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The Machinery industry, which is broadly grouped under the Industrial Products sector (one of the 16 broad Zacks sectors), had logged growth of 6% in fourth-quarter 2016. For first-quarter 2017, 86.4% of the S&P 500 members in the industrial products sector have reported their numbers as of May 3, putting up a 24.4% growth in earnings driven by a 10% rise in revenues. Taking into account all the S&P 500 sector participants that are yet to report in the sector, an earnings growth of 21.8% is anticipated for the sector owing to 8% increase in revenues. (Read more: Impressive Growth in Q1 Earnings Season)
Looking at the broader picture, of the 358 S&P 500 members that have reported across all sectors, that constitute 78.2% of the index’s total market capitalization, earnings has gone up 12.9% for the first quarter. Considering all the companies that are yet to report, the S&P 500 is expected to register growth of 11.9% in the quarter, outperforming the 7.4% growth witnessed in the fourth quarter. It is worth mentioning that the earnings growth trajectory had entered the positive territory in third-quarter 2016, after five quarters of back to back declines.
Industrial production rose 0.5% in March, following a 0.1% move in February. Industrial production had dipped 0.3% in January. The increase in March was driven by a jump of 8.6% in the output of utilities, the largest in the history of the index as the demand for heating returned to seasonal norms after being suppressed by unusually warm weather in February. For the first quarter as a whole, industrial production rose at an annual rate of 1.5 %.
It will be interesting to see how some of the machinery stocks fare when they release first-quarter 2017 numbers on May 8. Apart from beats and misses, focus will also be on their outlook.
Sun Hydraulics Corporation , is scheduled to report financial results after the closing bell. The company designs, manufactures, and sells screw-in cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems to industrial and mobile customers worldwide. In the last reported quarter, the company reported a 37% drop in earnings despite a 13% increase in revenues.
The company has fallen short of the Zacks Consensus Estimate in the trailing four quarters, resulting in a negative earnings surprise of 7.03%.
Our proven model does not conclusively show that Sun Hydraulics will beat the Zacks Consensus Estimate 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 Manitowoc Company, Inc. (MTW - Free Report) , a leading global manufacturer of cranes and lift solutions – is scheduled to report quarterly numbers after the market closes. In the fourth quarter, Manitowoc suffered a year-over-year decline in revenues and reported a loss, wider than the year-ago quarter’s loss.
Manitowoc has a negative track record of earnings surprises. It has outpaced the Zacks Consensus Estimate in one of the preceding four quarters, while falling short in the other three. The stock has delivered an average negative surprise of 10.75% in the trailing four quarters.
The combination of Manitowoc’s Earnings ESP of +5.88% and a Zacks Rank #3 makes us reasonably confident of an earnings beat.
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Image: Bigstock
Machinery Stocks Q1 Earnings Roster for May 8: SNHY, MTW
The Machinery industry, which is broadly grouped under the Industrial Products sector (one of the 16 broad Zacks sectors), had logged growth of 6% in fourth-quarter 2016. For first-quarter 2017, 86.4% of the S&P 500 members in the industrial products sector have reported their numbers as of May 3, putting up a 24.4% growth in earnings driven by a 10% rise in revenues. Taking into account all the S&P 500 sector participants that are yet to report in the sector, an earnings growth of 21.8% is anticipated for the sector owing to 8% increase in revenues. (Read more: Impressive Growth in Q1 Earnings Season)
Looking at the broader picture, of the 358 S&P 500 members that have reported across all sectors, that constitute 78.2% of the index’s total market capitalization, earnings has gone up 12.9% for the first quarter. Considering all the companies that are yet to report, the S&P 500 is expected to register growth of 11.9% in the quarter, outperforming the 7.4% growth witnessed in the fourth quarter. It is worth mentioning that the earnings growth trajectory had entered the positive territory in third-quarter 2016, after five quarters of back to back declines.
Industrial production rose 0.5% in March, following a 0.1% move in February. Industrial production had dipped 0.3% in January. The increase in March was driven by a jump of 8.6% in the output of utilities, the largest in the history of the index as the demand for heating returned to seasonal norms after being suppressed by unusually warm weather in February. For the first quarter as a whole, industrial production rose at an annual rate of 1.5 %.
It will be interesting to see how some of the machinery stocks fare when they release first-quarter 2017 numbers on May 8. Apart from beats and misses, focus will also be on their outlook.
Sun Hydraulics Corporation , is scheduled to report financial results after the closing bell. The company designs, manufactures, and sells screw-in cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems to industrial and mobile customers worldwide. In the last reported quarter, the company reported a 37% drop in earnings despite a 13% increase in revenues.
Sun Hydraulics Corporation Price and EPS Surprise
Sun Hydraulics Corporation Price and EPS Surprise | Sun Hydraulics Corporation Quote
The company has fallen short of the Zacks Consensus Estimate in the trailing four quarters, resulting in a negative earnings surprise of 7.03%.
Our proven model does not conclusively show that Sun Hydraulics will beat the Zacks Consensus Estimate 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.
Though a Zacks Rank #3 increases the predictive power of ESP, the company’s negative ESP of 20.00% makes a beat unlikely this quarter. You can see the complete list of today’s Zacks Rank #1 stocks here.
The Manitowoc Company, Inc. (MTW - Free Report) , a leading global manufacturer of cranes and lift solutions – is scheduled to report quarterly numbers after the market closes. In the fourth quarter, Manitowoc suffered a year-over-year decline in revenues and reported a loss, wider than the year-ago quarter’s loss.
Manitowoc Company, Inc. Price and EPS Surprise
Manitowoc Company, Inc. Price and EPS Surprise | Manitowoc Company, Inc. Quote
Manitowoc has a negative track record of earnings surprises. It has outpaced the Zacks Consensus Estimate in one of the preceding four quarters, while falling short in the other three. The stock has delivered an average negative surprise of 10.75% in the trailing four quarters.
The combination of Manitowoc’s Earnings ESP of +5.88% and a Zacks Rank #3 makes us reasonably confident of an earnings beat.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>