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A.O. Smith (AOS) Q3 Earnings, Revenues Beat, Guidance Up
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A. O. Smith Corporation (AOS - Free Report) is one of the leading manufacturers of commercial and residential water heating equipment, as well as water treatment products of the world. The company specializes in offering innovative and energy-efficient solutions and products, which are developed and sold on a global platform.
A.O. Smith’s thriving residential and commercial boiler businesses have consistently stoked top- and bottom-line growth over the past several quarters Factors including growth of households, thriving replacement market, geographic expansion and improved product mix are likely to act as tailwinds for China.
A.O. Smith’s sales of residential and commercial boilers are largely driven by innovation by Lochinvar. Products of this brand have benefited from the transition from lower-efficiency to higher-efficiency boilers, product introduction and market share gain. This apart, the Aquasana buyout, which was completed last year, is expected to stoke inorganic growth of the company, going forward.
AOS has had a decent earnings surprise history, having beaten earnings thrice in the trailing four quarters, with an average positive surprise of 3.3%.
Smith (A.O.) Corporation Price, Consensus and EPS Surprise
We have highlighted some of the key details from the announcement below:
Earnings: AOS beats on earnings. Adjusted earnings per share for the quarter came in at 54 cents, ahead of the Zacks Consensus Estimate of 53 cents.
Revenue: Revenues of $749.9 million topped the Zacks Consensus Estimate of $742 million.
Key Stats: Concurrent with its third-quarter results, A.O. Smith raised its full-year 2017 earnings guidance once again. It now expects earnings per share in the $2.12- $2.14 band, up from the earlier guided range of $2.07- $2.11. The company saw double digit sales growth in the quarter, driven by robust demand for Lochinvar branded boilers and strong residential water heater volumes in the U.S
Stock Price: AOS shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back for our full write up on this AOS earnings report later!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
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A.O. Smith (AOS) Q3 Earnings, Revenues Beat, Guidance Up
A. O. Smith Corporation (AOS - Free Report) is one of the leading manufacturers of commercial and residential water heating equipment, as well as water treatment products of the world. The company specializes in offering innovative and energy-efficient solutions and products, which are developed and sold on a global platform.
A.O. Smith’s thriving residential and commercial boiler businesses have consistently stoked top- and bottom-line growth over the past several quarters Factors including growth of households, thriving replacement market, geographic expansion and improved product mix are likely to act as tailwinds for China.
A.O. Smith’s sales of residential and commercial boilers are largely driven by innovation by Lochinvar. Products of this brand have benefited from the transition from lower-efficiency to higher-efficiency boilers, product introduction and market share gain. This apart, the Aquasana buyout, which was completed last year, is expected to stoke inorganic growth of the company, going forward.
AOS has had a decent earnings surprise history, having beaten earnings thrice in the trailing four quarters, with an average positive surprise of 3.3%.
Smith (A.O.) Corporation Price, Consensus and EPS Surprise
Smith (A.O.) Corporation Price, Consensus and EPS Surprise | Smith (A.O.) Corporation Quote
Currently, AOS has a Zacks Rank #2 (Buy) but that could change following its third-quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the announcement below:
Earnings: AOS beats on earnings. Adjusted earnings per share for the quarter came in at 54 cents, ahead of the Zacks Consensus Estimate of 53 cents.
Revenue: Revenues of $749.9 million topped the Zacks Consensus Estimate of $742 million.
Key Stats: Concurrent with its third-quarter results, A.O. Smith raised its full-year 2017 earnings guidance once again. It now expects earnings per share in the $2.12- $2.14 band, up from the earlier guided range of $2.07- $2.11. The company saw double digit sales growth in the quarter, driven by robust demand for Lochinvar branded boilers and strong residential water heater volumes in the U.S
Stock Price: AOS shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back for our full write up on this AOS earnings report later!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>