Barnes Group Inc. (B - Free Report) is a manufacturer of precision metal parts as well as distributes industrial supplies worldwide. End-markets served include aerospace, transportation, industrial equipment, consumer products, packaging, electronics, medical devices, energy, medical/pharmaceutical, and personal care/health care industries. It currently has a $2.1 billion market capitalization.
However, this machinery company faces risks from regulatory issues in the aerospace business, unfavorable foreign currency movements and weak economic conditions in some developed and developing nations. Investors are eagerly waiting for the company’s latest earnings report.
Over the last four quarters, Barnes Group delivered better-than-expected results in one, lagged in two and posted in-line results in one. Average earnings surprise was a negative 1.37%.
Currently, Barnes Group has a Zacks Rank #2 (Buy), but that could definitely change after the release of its upcoming earnings report. You can see the complete list of today’s Zacks #1 Rank stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Barnes Group’ adjusted earnings came in at 71 cents per share in third-quarter of 2016. The bottom line result surpassed the Zacks Consensus Estimate of 67 cents per share.
Revenue: Revenues lagged. Barnes Group generated revenues of $312 million, below the Zacks Consensus Estimate of $315.3 million.
Key Stats to Note: For 2016, Barnes Group anticipates organic revenue growth to be flat while total revenue is predicted to grow 3.5−4.5%. Adjusted earnings is anticipated to be within $2.48−$2.53 per share range.
Stock Price: Barnes Group shares were down 0.53% ahead of the report.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Barnes Group Inc. (B - Free Report) is a manufacturer of precision metal parts as well as distributes industrial supplies worldwide. End-markets served include aerospace, transportation, industrial equipment, consumer products, packaging, electronics, medical devices, energy, medical/pharmaceutical, and personal care/health care industries. It currently has a $2.1 billion market capitalization.
However, this machinery company faces risks from regulatory issues in the aerospace business, unfavorable foreign currency movements and weak economic conditions in some developed and developing nations. Investors are eagerly waiting for the company’s latest earnings report.
Over the last four quarters, Barnes Group delivered better-than-expected results in one, lagged in two and posted in-line results in one. Average earnings surprise was a negative 1.37%.
Currently, Barnes Group has a Zacks Rank #2 (Buy), but that could definitely change after the release of its upcoming earnings report. You can see the complete list of today’s Zacks #1 Rank stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Barnes Group’ adjusted earnings came in at 71 cents per share in third-quarter of 2016. The bottom line result surpassed the Zacks Consensus Estimate of 67 cents per share.
Revenue: Revenues lagged. Barnes Group generated revenues of $312 million, below the Zacks Consensus Estimate of $315.3 million.
Key Stats to Note: For 2016, Barnes Group anticipates organic revenue growth to be flat while total revenue is predicted to grow 3.5−4.5%. Adjusted earnings is anticipated to be within $2.48−$2.53 per share range.
Stock Price: Barnes Group shares were down 0.53% ahead of the report.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on B - FREE