We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AMETEK (AME) to Report Q4 Earnings: What's in the Offing?
Read MoreHide Full Article
AMETEK, Inc. (AME - Free Report) is scheduled to report fourth-quarter 2020 results on Feb 4.
For the fourth quarter, the company expects a sales decline in high-single digits on a year-over-year basis. The Zacks Consensus Estimate for the same is pegged at $1.2 billion, suggesting a decline of 7.8% from the year-ago quarter’s reported figure.
Further, the company expects adjusted earnings of $1.00-$1.04 per diluted share. The Zacks Consensus Estimate for earnings stands at $1.03 per share, indicating a slump of 4.6% from the year-ago quarter’s reported number.
The company beat estimates in each of the trailing four quarters, the surprise being 8.52%, on average.
The company’s proper execution of its core growth strategies —includingoperational excellence, global market expansion, investments in product development and acquisitions —is expected to have continued aiding its performance in the fourth quarter.
Moreover, fourth-quarter results are expected to reflect the AMETEK Growth Model’s momentum.
Further, growing research and development spending, and strengthening of engineering initiatives are expected to have driven its organic growth in the soon-to-be-reported quarter.
The company’s focus on strong cash flow generation is anticipated to have continued aiding capital deployment activities, including acquisitions and share repurchases, in the quarter.
Further, positive contributions from acquisitions are likely to have aided its segmental performance.
Sales for the Electronic Instruments Group (“EIG”) segment are expected to have benefited from acquisitions of Gatan, IntelliPower, Motec, Forza, Telular and Spectro Scientific. Further, the strengthening of process businesses, especially the Materials Analysis business, is likely to have contributed to the segment’s topline in the quarter under review.
Sales for the Electromechanical Group (“EMG”) segment are likely to have benefited from the Pacific Design Technologies and FMH Aerospace buyout in the to-be-reported quarter. Further, solid momentum across the company’s engineered materials business is expected to have contributed to the topline of the segment in the quarter under review.
However, widespread disruptions induced by the ongoing coronavirus pandemic are anticipated to have remained headwinds for both segments, which, in turn, are likely to get reflected in the top line of the companyfor the fourth quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for AMETEK this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds 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.
AMETEK has an Earnings ESP of 0.00% and a Zacks Rank #3.
Stocks to Consider
Here are some companies, which have the right combination of elements to post an earnings beat this quarter:
Synaptics Incorporated (SYNA - Free Report) has an Earnings ESP of +0.42% and currently carries a Zacks Rank of 2.
CDW Corporation (CDW - Free Report) has an Earnings ESP of +6.74% and a Zacks Rank of 2.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
Image: Bigstock
AMETEK (AME) to Report Q4 Earnings: What's in the Offing?
AMETEK, Inc. (AME - Free Report) is scheduled to report fourth-quarter 2020 results on Feb 4.
For the fourth quarter, the company expects a sales decline in high-single digits on a year-over-year basis. The Zacks Consensus Estimate for the same is pegged at $1.2 billion, suggesting a decline of 7.8% from the year-ago quarter’s reported figure.
Further, the company expects adjusted earnings of $1.00-$1.04 per diluted share. The Zacks Consensus Estimate for earnings stands at $1.03 per share, indicating a slump of 4.6% from the year-ago quarter’s reported number.
The company beat estimates in each of the trailing four quarters, the surprise being 8.52%, on average.
AMETEK, Inc. Price and EPS Surprise
AMETEK, Inc. price-eps-surprise | AMETEK, Inc. Quote
Factors to Note
The company’s proper execution of its core growth strategies —includingoperational excellence, global market expansion, investments in product development and acquisitions —is expected to have continued aiding its performance in the fourth quarter.
Moreover, fourth-quarter results are expected to reflect the AMETEK Growth Model’s momentum.
Further, growing research and development spending, and strengthening of engineering initiatives are expected to have driven its organic growth in the soon-to-be-reported quarter.
The company’s focus on strong cash flow generation is anticipated to have continued aiding capital deployment activities, including acquisitions and share repurchases, in the quarter.
Further, positive contributions from acquisitions are likely to have aided its segmental performance.
Sales for the Electronic Instruments Group (“EIG”) segment are expected to have benefited from acquisitions of Gatan, IntelliPower, Motec, Forza, Telular and Spectro Scientific. Further, the strengthening of process businesses, especially the Materials Analysis business, is likely to have contributed to the segment’s topline in the quarter under review.
Sales for the Electromechanical Group (“EMG”) segment are likely to have benefited from the Pacific Design Technologies and FMH Aerospace buyout in the to-be-reported quarter. Further, solid momentum across the company’s engineered materials business is expected to have contributed to the topline of the segment in the quarter under review.
However, widespread disruptions induced by the ongoing coronavirus pandemic are anticipated to have remained headwinds for both segments, which, in turn, are likely to get reflected in the top line of the companyfor the fourth quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for AMETEK this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds 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.
AMETEK has an Earnings ESP of 0.00% and a Zacks Rank #3.
Stocks to Consider
Here are some companies, which have the right combination of elements to post an earnings beat this quarter:
Vishay Intertechnology, Inc. (VSH - Free Report) has an Earnings ESP of +4.82% and holds a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Synaptics Incorporated (SYNA - Free Report) has an Earnings ESP of +0.42% and currently carries a Zacks Rank of 2.
CDW Corporation (CDW - Free Report) has an Earnings ESP of +6.74% and a Zacks Rank of 2.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
Download Marijuana Moneymakers FREE >>