For the quarter ended March 2024, Snap-On (SNA - Free Report) reported revenue of $1.18 billion, down 0.1% over the same period last year. EPS came in at $4.75, compared to $4.60 in the year-ago quarter.
The reported revenue represents a surprise of -0.98% over the Zacks Consensus Estimate of $1.19 billion. With the consensus EPS estimate being $4.66, the EPS surprise was +1.93%.
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 Snap-On performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Intersegment eliminations: -$141.50 million versus the five-analyst average estimate of -$163.26 million. The reported number represents a year-over-year change of -13.9%.
- Net Sales- Commercial & Industrial Group: $359.90 million versus $375.94 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -1.1% change.
- Net Sales- Financial Services Revenue: $99.60 million versus $96.13 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +7.6% change.
- Net Sales- Repair Systems & Information Group: $463.80 million compared to the $454.52 million average estimate based on five analysts. The reported number represents a change of +3.9% year over year.
- Net Sales- Snap-on Tools Group: $500.10 million compared to the $523.32 million average estimate based on five analysts. The reported number represents a change of -6.9% year over year.
- Operating earnings / (losses)- Financial services: $68.30 million compared to the $68.97 million average estimate based on four analysts.
- Operating earnings / (losses)- Commercial & Industrial Group: $55.40 million versus $56.98 million estimated by three analysts on average.
- Operating earnings / (losses)- Corporate: -$14.70 million versus the three-analyst average estimate of -$30.07 million.
- Operating earnings / (losses)- Snap-on Tools Group: $117.30 million versus $126.90 million estimated by three analysts on average.
- Operating earnings / (losses)- Repair Systems & Information Group: $112.90 million versus $104.53 million estimated by three analysts on average.
View all Key Company Metrics for Snap-On here>>>Shares of Snap-On have returned -2.9% over the past month versus the Zacks S&P 500 composite's -1.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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For the quarter ended March 2024, Snap-On (SNA - Free Report) reported revenue of $1.18 billion, down 0.1% over the same period last year. EPS came in at $4.75, compared to $4.60 in the year-ago quarter.
The reported revenue represents a surprise of -0.98% over the Zacks Consensus Estimate of $1.19 billion. With the consensus EPS estimate being $4.66, the EPS surprise was +1.93%.
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 Snap-On performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Intersegment eliminations: -$141.50 million versus the five-analyst average estimate of -$163.26 million. The reported number represents a year-over-year change of -13.9%.
- Net Sales- Commercial & Industrial Group: $359.90 million versus $375.94 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -1.1% change.
- Net Sales- Financial Services Revenue: $99.60 million versus $96.13 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +7.6% change.
- Net Sales- Repair Systems & Information Group: $463.80 million compared to the $454.52 million average estimate based on five analysts. The reported number represents a change of +3.9% year over year.
- Net Sales- Snap-on Tools Group: $500.10 million compared to the $523.32 million average estimate based on five analysts. The reported number represents a change of -6.9% year over year.
- Operating earnings / (losses)- Financial services: $68.30 million compared to the $68.97 million average estimate based on four analysts.
- Operating earnings / (losses)- Commercial & Industrial Group: $55.40 million versus $56.98 million estimated by three analysts on average.
- Operating earnings / (losses)- Corporate: -$14.70 million versus the three-analyst average estimate of -$30.07 million.
- Operating earnings / (losses)- Snap-on Tools Group: $117.30 million versus $126.90 million estimated by three analysts on average.
- Operating earnings / (losses)- Repair Systems & Information Group: $112.90 million versus $104.53 million estimated by three analysts on average.
View all Key Company Metrics for Snap-On here>>>Shares of Snap-On have returned -2.9% over the past month versus the Zacks S&P 500 composite's -1.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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