For the quarter ended December 2023, Timken (TKR - Free Report) reported revenue of $1.09 billion, up 0.9% over the same period last year. EPS came in at $1.37, compared to $1.22 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.06 billion, representing a surprise of +3.29%. The company delivered an EPS surprise of +11.38%, with the consensus EPS estimate being $1.23.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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- Industrial Motion: $367 million versus the three-analyst average estimate of $352.07 million.
- Net Sales- Engineered Bearings: $724.20 million compared to the $701.53 million average estimate based on three analysts.
- Adjusted EBITDA- Industrial Motion: $81.60 million versus the three-analyst average estimate of $68.92 million.
- Adjusted EBITDA- Engineered Bearings: $132.50 million compared to the $130.57 million average estimate based on three analysts.
View all Key Company Metrics for Timken here>>>Shares of Timken have returned +9.3% over the past month versus the Zacks S&P 500 composite's +4.6% 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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For the quarter ended December 2023, Timken (TKR - Free Report) reported revenue of $1.09 billion, up 0.9% over the same period last year. EPS came in at $1.37, compared to $1.22 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.06 billion, representing a surprise of +3.29%. The company delivered an EPS surprise of +11.38%, with the consensus EPS estimate being $1.23.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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- Industrial Motion: $367 million versus the three-analyst average estimate of $352.07 million.
- Net Sales- Engineered Bearings: $724.20 million compared to the $701.53 million average estimate based on three analysts.
- Adjusted EBITDA- Industrial Motion: $81.60 million versus the three-analyst average estimate of $68.92 million.
- Adjusted EBITDA- Engineered Bearings: $132.50 million compared to the $130.57 million average estimate based on three analysts.
View all Key Company Metrics for Timken here>>>Shares of Timken have returned +9.3% over the past month versus the Zacks S&P 500 composite's +4.6% 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.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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