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A.O. Smith (AOS) Q4 Earnings Beat, 2018 View Robust
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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 2.6%.
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 60 cents, ahead of the Zacks Consensus Estimate of 56 cents.
Revenue: Revenues of $768.6 million marginally beat the Zacks Consensus Estimate of $767.1 million.
Key Stats: A.O. Smith wrapped up 2017 with solid momentum, with double-digit sales growth driven by consistent strong demand for its consumer products in China and positive end markets for its water heaters and boilers in North America. The company also released optimistic guidance for 2018, and expects adjusted earnings to lie in the range of $2.50 and $2.58 per share. The mid-point of the range reflects an impressive year-over-year growth of 17%.
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!
Don’t Even Think About Buying Bitcoin Until You Read This
The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.
Zacks’ has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
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A.O. Smith (AOS) Q4 Earnings Beat, 2018 View Robust
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 2.6%.
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 #4 (Sell) but that could change following its fourth-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 60 cents, ahead of the Zacks Consensus Estimate of 56 cents.
Revenue: Revenues of $768.6 million marginally beat the Zacks Consensus Estimate of $767.1 million.
Key Stats: A.O. Smith wrapped up 2017 with solid momentum, with double-digit sales growth driven by consistent strong demand for its consumer products in China and positive end markets for its water heaters and boilers in North America. The company also released optimistic guidance for 2018, and expects adjusted earnings to lie in the range of $2.50 and $2.58 per share. The mid-point of the range reflects an impressive year-over-year growth of 17%.
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!
Don’t Even Think About Buying Bitcoin Until You Read This
The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.
Zacks’ has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 4 crypto-related stocks now >>