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Emerson Electric Co. (EMR - Free Report) is a diversified global manufacturing and technology company. It offers a wide range of products and services in the areas of process management, climate technologies, network power, storage solutions, professional tools, appliance solutions, motor technologies, and industrial automation.
EMR’s ongoing mergers and acquisitions are likely to influence it to grow its business and help it gain access to new technologies and markets across geographies. Moreover, EMR’s cost cutting and restructuring initiatives are expected to benefit its results going forward. Emerson’s results are expected to benefit from strong momentum at the company’s Network Power segment, as well as favourable trends in the U.S. construction market.
However, investors should note that, the company has been suffering from low revenues over the last few quarters due to negative effect of currency fluctuations.
EMR has had a decent earnings history, having beaten estimates twice over the four trailing quarters, for an average positive earnings surprise of 5.5%.
Emerson Electric Company Price, Consensus and EPS Surprise
We have highlighted some of the key details from the just-released announcement below:
Earnings: EMR beats on earnings. Adjusted earnings from continuing operations came in at 83 cents per share, beating the Zacks Consensus Estimate of 80 cents.
Revenue: Revenues of $4,435 million beat the Zacks Consensus Estimate of $4,424 million by a whisker, and grew 13% year over year.
Key Stats: Emerson continues to see recovery in economic conditions in its key end markets. The company witnessed strong momentum in the Automation Solutions segment, and the company expects this growth trend to continue in 2018. In light of these trends, the company released optimistic sales and earnings guidance for 2018.
Stock Price: EMR 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 later for our full write up on this EMR 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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Emerson (EMR) Q4 Earnings Beat, Guides well
Emerson Electric Co. (EMR - Free Report) is a diversified global manufacturing and technology company. It offers a wide range of products and services in the areas of process management, climate technologies, network power, storage solutions, professional tools, appliance solutions, motor technologies, and industrial automation.
EMR’s ongoing mergers and acquisitions are likely to influence it to grow its business and help it gain access to new technologies and markets across geographies. Moreover, EMR’s cost cutting and restructuring initiatives are expected to benefit its results going forward. Emerson’s results are expected to benefit from strong momentum at the company’s Network Power segment, as well as favourable trends in the U.S. construction market.
However, investors should note that, the company has been suffering from low revenues over the last few quarters due to negative effect of currency fluctuations.
EMR has had a decent earnings history, having beaten estimates twice over the four trailing quarters, for an average positive earnings surprise of 5.5%.
Emerson Electric Company Price, Consensus and EPS Surprise
Emerson Electric Company Price, Consensus and EPS Surprise | Emerson Electric Company Quote
Currently, EMR has a Zacks Rank #3 (Hold) but that could change following its fourth-quarter fiscal 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 just-released announcement below:
Earnings: EMR beats on earnings. Adjusted earnings from continuing operations came in at 83 cents per share, beating the Zacks Consensus Estimate of 80 cents.
Revenue: Revenues of $4,435 million beat the Zacks Consensus Estimate of $4,424 million by a whisker, and grew 13% year over year.
Key Stats: Emerson continues to see recovery in economic conditions in its key end markets. The company witnessed strong momentum in the Automation Solutions segment, and the company expects this growth trend to continue in 2018. In light of these trends, the company released optimistic sales and earnings guidance for 2018.
Stock Price: EMR 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 later for our full write up on this EMR 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>>