Timken (TKR - Free Report) reported $1.08 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 7.4%. EPS of $1.22 for the same period compares to $0.78 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.1 billion, representing a surprise of -1.28%. The company delivered an EPS surprise of +11.93%, with the consensus EPS estimate being $1.09.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Timken performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net sales to external customers-Mobile Industries: $495.60 million versus $510.24 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.3% change.
- Net sales to external customers-Process Industries: $586.40 million compared to the $585.76 million average estimate based on three analysts. The reported number represents a change of +11.1% year over year.
- EBITDA-Process Industries-Non GAAP: $142.90 million versus the three-analyst average estimate of $138.26 million.
- EBITDA-Mobile Industries-Non GAAP: $56.20 million versus the three-analyst average estimate of $51.65 million.
View all Key Company Metrics for Timken here>>>
Shares of Timken have returned +21.1% over the past month versus the Zacks S&P 500 composite's +8.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Timken (TKR - Free Report) reported $1.08 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 7.4%. EPS of $1.22 for the same period compares to $0.78 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.1 billion, representing a surprise of -1.28%. The company delivered an EPS surprise of +11.93%, with the consensus EPS estimate being $1.09.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Timken performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Timken here>>>
Shares of Timken have returned +21.1% over the past month versus the Zacks S&P 500 composite's +8.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
Hurry, Download Special Report FREE >>
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