We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Emerson (EMR) Announces New Wireless Pressure Gauge App
Read MoreHide Full Article
Emerson Electric Company (EMR - Free Report) recently announced a new Plantweb Insight application for wireless pressure gauges, with easy usability features. This IIoT (Industrial Internet of Things) application enables maintenance workers to gain a streamlined view of Rosemount wireless pressure gauges, thus enhancing safety.
Per the company, the IIoT application is capable of delivering field data once per minute from a fleet of wireless pressure gauges. Notably, Plantweb Insight applications can easily be integrated with various WirelessHART gauges and remote field sensors. Also, it combines continuous real-time data offered by the company’s Pervasive Sensing strategies with predictive analytics to offer maintenance personnel latest process information, thus improving safety as well as energy management.
Existing Business Scenario
Emerson has a solid track record of launching products and technologies to gain a competitive advantage over peers. Also, the company has an impressive history of clinching lucrative contracts in the energy infrastructure that proves conducive to its top-line performance. Strong MRO demand along with small and mid-sized projects focused on expansion and optimization of existing facilities has boosted the segment’s top line. Further, Energy, life sciences and chemical markets remain favorable.
In the past six months, this Zacks Rank #3 (Hold) company has returned 9.4%, significantly outperforming the industry’s increase of 1.1%.
This apart, Emerson is optimistic about the prospects of its Commercial & Residential Solutions segment as it is witnessing improving trends in the United States, Europe and Asian construction markets. Thriving Heating Ventilation and Air-Conditioning (HVAC), refrigeration markets and construction-related demand in key end markets is also expected to drive the segments performance. At the Automation Solutions segment, favorable trends in petrochemical, power and life sciences and improving MRO demand is anticipated to boost growth. We believe selected investment opportunities coupled with positive trends in certain business areas offer Emerson decent growth opportunities.
Despite these tailwinds, Emerson’s operations have suffered as a result of slow spending in general industrial markets. This, in turn, has affected the company’s order rates across the related segments and pulled down the sales figure. Additionally, it believes that sluggish economic conditions and prolonged softness in the oil and gas markets might take a turn for the worse on account of global economic uncertainty.
Enersys surpassed estimates thrice in the trailing four quarters, with an average positive earnings surprise of 2.6%.
Energous outpaced estimates twice in the preceding four quarters, with an average earnings surprise of 1.4%.
Capstone Turbine exceeded estimates twice in the trailing four quarters, with an average positive earnings surprise of 20.8%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Emerson (EMR) Announces New Wireless Pressure Gauge App
Emerson Electric Company (EMR - Free Report) recently announced a new Plantweb Insight application for wireless pressure gauges, with easy usability features. This IIoT (Industrial Internet of Things) application enables maintenance workers to gain a streamlined view of Rosemount wireless pressure gauges, thus enhancing safety.
Per the company, the IIoT application is capable of delivering field data once per minute from a fleet of wireless pressure gauges. Notably, Plantweb Insight applications can easily be integrated with various WirelessHART gauges and remote field sensors. Also, it combines continuous real-time data offered by the company’s Pervasive Sensing strategies with predictive analytics to offer maintenance personnel latest process information, thus improving safety as well as energy management.
Existing Business Scenario
Emerson has a solid track record of launching products and technologies to gain a competitive advantage over peers. Also, the company has an impressive history of clinching lucrative contracts in the energy infrastructure that proves conducive to its top-line performance. Strong MRO demand along with small and mid-sized projects focused on expansion and optimization of existing facilities has boosted the segment’s top line. Further, Energy, life sciences and chemical markets remain favorable.
In the past six months, this Zacks Rank #3 (Hold) company has returned 9.4%, significantly outperforming the industry’s increase of 1.1%.
This apart, Emerson is optimistic about the prospects of its Commercial & Residential Solutions segment as it is witnessing improving trends in the United States, Europe and Asian construction markets. Thriving Heating Ventilation and Air-Conditioning (HVAC), refrigeration markets and construction-related demand in key end markets is also expected to drive the segments performance. At the Automation Solutions segment, favorable trends in petrochemical, power and life sciences and improving MRO demand is anticipated to boost growth. We believe selected investment opportunities coupled with positive trends in certain business areas offer Emerson decent growth opportunities.
Despite these tailwinds, Emerson’s operations have suffered as a result of slow spending in general industrial markets. This, in turn, has affected the company’s order rates across the related segments and pulled down the sales figure. Additionally, it believes that sluggish economic conditions and prolonged softness in the oil and gas markets might take a turn for the worse on account of global economic uncertainty.
Key Picks
Some better-ranked stocks from the same space are Enersys (ENS - Free Report) , Energous Corporation (WATT - Free Report) and Capstone Turbine Corporation (CPST - Free Report) . All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Enersys surpassed estimates thrice in the trailing four quarters, with an average positive earnings surprise of 2.6%.
Energous outpaced estimates twice in the preceding four quarters, with an average earnings surprise of 1.4%.
Capstone Turbine exceeded estimates twice in the trailing four quarters, with an average positive earnings surprise of 20.8%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>