Actuant Corp is a Zacks Rank #5 (Strong Sell) and despite the fact that it recently beat the Zacks Consensus Estimate, the stock dropped and estimates have fallen. Let's take a deeper look in this Bear Of The Day article.
Description
Actuant Corporation is a diversified industrial company serving customers from operations in more than 30 countries. Actuant business operations are divided into three segments focused on the markets serve. The Actuant businesses are leaders in a broad array of niche markets including branded hydraulic tools and solutions; specialized products and services for energy markets and highly engineered position and motion control systems. Actuant promotes economic, social and environmental practices that benefits the customers, employees, shareholders and local communities. Actuant is dedicated to working towards achieving industry best practices in areas of social objectives, corporate governance, and health, safety, security, and environment. Actuant Corporation is a diversified industrial company serving customers from operations in more than 30 countries. Actuant business operations are divided into three segments focused on the markets serve. The Actuant businesses are leaders in a broad array of niche markets including branded hydraulic tools and solutions; specialized products and services for energy markets and highly engineered position and motion control systems. Actuant promotes economic, social and environmental practices that benefits the customers, employees, shareholders and local communities. Actuant is dedicated to working towards achieving industry best practices in areas of social objectives, corporate governance, and health, safety, security, and environment.
Recent Earnings
Even with the recent earnings report coming in at $0.39 and that was $0.04 better than the Zacks Consensus Estimate, the stock and estimates dropped. Sure the beat translates to an 11% positive earnings surprise, but investors are keyed in on the future, not the past.
Estimates Revisions
I see a host of revisions to the Zacks Consensus Estimate. This quarter has fallen 2 cents over the last 90 days. Next quarter is worse, falling from 24 cents to 19 cents. The full year number has also slid from $1.29 to $1.18.
The Zacks Consensus Estimate for 2019 has also moved lower. It has moved from $1.51 to $1.37 over the last 90 days.
The Upside
Despite the lower estimates, investors should take a deeper look at this stock. I see a company that has seen expectations come in a bit and the stock has followed that lower. Eventually, this stock will move higher and expectations for future earnings growth will likely drive that move.
Chart
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Zacks Research has released a report that may shock many investors. One stock stands out as the best way to invest in the surge to electric cars. And it's not the one you may think!
Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.
See Zacks Best EV Stock Free >>
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Bear Of The Day: Actuant (ATU)
Actuant Corp is a Zacks Rank #5 (Strong Sell) and despite the fact that it recently beat the Zacks Consensus Estimate, the stock dropped and estimates have fallen. Let's take a deeper look in this Bear Of The Day article.
Description
Actuant Corporation is a diversified industrial company serving customers from operations in more than 30 countries. Actuant business operations are divided into three segments focused on the markets serve. The Actuant businesses are leaders in a broad array of niche markets including branded hydraulic tools and solutions; specialized products and services for energy markets and highly engineered position and motion control systems. Actuant promotes economic, social and environmental practices that benefits the customers, employees, shareholders and local communities. Actuant is dedicated to working towards achieving industry best practices in areas of social objectives, corporate governance, and health, safety, security, and environment. Actuant Corporation is a diversified industrial company serving customers from operations in more than 30 countries. Actuant business operations are divided into three segments focused on the markets serve. The Actuant businesses are leaders in a broad array of niche markets including branded hydraulic tools and solutions; specialized products and services for energy markets and highly engineered position and motion control systems. Actuant promotes economic, social and environmental practices that benefits the customers, employees, shareholders and local communities. Actuant is dedicated to working towards achieving industry best practices in areas of social objectives, corporate governance, and health, safety, security, and environment.
Recent Earnings
Even with the recent earnings report coming in at $0.39 and that was $0.04 better than the Zacks Consensus Estimate, the stock and estimates dropped. Sure the beat translates to an 11% positive earnings surprise, but investors are keyed in on the future, not the past.
Estimates Revisions
I see a host of revisions to the Zacks Consensus Estimate. This quarter has fallen 2 cents over the last 90 days. Next quarter is worse, falling from 24 cents to 19 cents. The full year number has also slid from $1.29 to $1.18.
The Zacks Consensus Estimate for 2019 has also moved lower. It has moved from $1.51 to $1.37 over the last 90 days.
The Upside
Despite the lower estimates, investors should take a deeper look at this stock. I see a company that has seen expectations come in a bit and the stock has followed that lower. Eventually, this stock will move higher and expectations for future earnings growth will likely drive that move.
Chart
Actuant Corporation Price and Consensus
Actuant Corporation Price and Consensus | Actuant Corporation Quote
Best Electric Car Stock? You'll Never Guess It.
Zacks Research has released a report that may shock many investors. One stock stands out as the best way to invest in the surge to electric cars. And it's not the one you may think!
Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.
See Zacks Best EV Stock Free >>