Tenaris (TS - Free Report) is slated to release fourth-quarter 2022 financial numbers on Feb 15.
The Zacks Consensus Estimate for the company’s fourth-quarter earnings has remained steady in the past 60 days. The company has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters, while missing in one.
Let’s see how things have shaped up for Tenaris this earnings season.
Factors to Note
Higher shipments to pipeline projects and pricing gains are likely to have driven Tenaris’ top line in the fourth quarter. Higher average selling prices are expected to have boosted margins in the to-be-reported quarter.
Revenues from tubular products and services are expected to reflect a year-over-year increase on the back of higher average selling prices. The Zacks Consensus Estimate for segmental revenues in the fourth quarter indicates a 79.4% surge from the year-ago reported number.
However, lower sales of raw materials and pipes for plumbing applications might have weighed on other products and services revenues in the fourth quarter. The consensus mark for other revenues hints at a 2% decrease from the year-ago reported number. Additionally, an increase in raw material and energy costs is likely to have dented Tenaris’ bottom line.
Earnings Whispers
The proven Zacks model does not conclusively predict an earnings beat for Tenaris this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.
But that’s not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Tenaris is 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at $1.38.
Zacks Rank: Tenaris currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Highlights of Q3 Earnings
In third-quarter 2022, Tenaris reported earnings of $1.03, which missed the Zacks Consensus Estimate of $1.04. Total revenues of $2,975 million outperformed the Zacks Consensus Estimate of $2,922 million. While the bottom line soared approximately 84% year over year, the top line jumped around 70%.
Stocks to Consider
Here are some companies within the broader Industrial Products sector that you may want to consider, as according to our model, these have the right combination of elements to beat on earnings this reporting cycle.
Allegion plc (ALLE - Free Report) has an Earnings ESP of +4.19% and a Zacks Rank #2. The company is set to release fourth-quarter results on Feb 22.
The Zacks Consensus Estimate for Allegion’s fourth-quarter earnings has been revised downward by 2.8% in the past 60 days. However, the company pulled off a trailing four-quarter earnings surprise of 8.8%, on average.
AptarGroup (ATR - Free Report) has an Earnings ESP of +3.28% and a Zacks Rank #3. The company is scheduled to release fourth-quarter 2022 results on Feb 16.
The Zacks Consensus Estimate for AptarGroup’s fourth-quarter earnings has been revised upward by a penny in the past 60 days. The company pulled off a trailing four-quarter earnings surprise of 0.8%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Tenaris (TS - Free Report) is slated to release fourth-quarter 2022 financial numbers on Feb 15.
The Zacks Consensus Estimate for the company’s fourth-quarter earnings has remained steady in the past 60 days. The company has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters, while missing in one.
Let’s see how things have shaped up for Tenaris this earnings season.
Factors to Note
Higher shipments to pipeline projects and pricing gains are likely to have driven Tenaris’ top line in the fourth quarter. Higher average selling prices are expected to have boosted margins in the to-be-reported quarter.
Revenues from tubular products and services are expected to reflect a year-over-year increase on the back of higher average selling prices. The Zacks Consensus Estimate for segmental revenues in the fourth quarter indicates a 79.4% surge from the year-ago reported number.
However, lower sales of raw materials and pipes for plumbing applications might have weighed on other products and services revenues in the fourth quarter. The consensus mark for other revenues hints at a 2% decrease from the year-ago reported number. Additionally, an increase in raw material and energy costs is likely to have dented Tenaris’ bottom line.
Earnings Whispers
The proven Zacks model does not conclusively predict an earnings beat for Tenaris this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.
But that’s not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Tenaris is 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at $1.38.
Zacks Rank: Tenaris currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Highlights of Q3 Earnings
In third-quarter 2022, Tenaris reported earnings of $1.03, which missed the Zacks Consensus Estimate of $1.04. Total revenues of $2,975 million outperformed the Zacks Consensus Estimate of $2,922 million. While the bottom line soared approximately 84% year over year, the top line jumped around 70%.
Stocks to Consider
Here are some companies within the broader Industrial Products sector that you may want to consider, as according to our model, these have the right combination of elements to beat on earnings this reporting cycle.
Allegion plc (ALLE - Free Report) has an Earnings ESP of +4.19% and a Zacks Rank #2. The company is set to release fourth-quarter results on Feb 22.
The Zacks Consensus Estimate for Allegion’s fourth-quarter earnings has been revised downward by 2.8% in the past 60 days. However, the company pulled off a trailing four-quarter earnings surprise of 8.8%, on average.
AptarGroup (ATR - Free Report) has an Earnings ESP of +3.28% and a Zacks Rank #3. The company is scheduled to release fourth-quarter 2022 results on Feb 16.
The Zacks Consensus Estimate for AptarGroup’s fourth-quarter earnings has been revised upward by a penny in the past 60 days. The company pulled off a trailing four-quarter earnings surprise of 0.8%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks<<
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