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AMETEK (AME) to Report Q1 Earnings: What's in the Offing?

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AMETEK, Inc. (AME - Free Report) is scheduled to report first-quarter 2021 results on May 4.

For the first quarter, the company expects a sales decline of low to mid-single digits on a year-over-year basis. The Zacks Consensus Estimate for sales is pegged at $1.17 billion, suggesting a decline of 2.8% from the year-ago quarter’s reported figure.

Further, the company expects adjusted earnings of 97 cents to $1.02 per share.The Zacks Consensus Estimate for earnings is pegged at $1.02 per share, flat with the prior-year reported figure.

The company beat estimates in each of the trailing four quarters, the average surprise being 8.52%.

AMETEK, Inc. Price and EPS Surprise


AMETEK, Inc. Price and EPS Surprise

AMETEK, Inc. price-eps-surprise | AMETEK, Inc. Quote

Factors to Note

Despite the coronavirus-induced disruptions, AMETEK’s first-quarter results are expected to reflect positive contributions from acquisitions.

Acquisitions of Motec, Forza, Telular, Gatan, Intellipower and Spectro Scientific are likely to have driven the Electronic Instruments Group segment’s performance in the quarter to be reported. Further, the impacts ofa strong materials analysis business are anticipated toget reflected in the segment’s first-quarter sales.

Further, the Electromechanical Group segment’s sales are likely to have gained from the Pacific Design Technologies and FMH Aerospace buyouts in the to-be-reported quarter. Moreover, cost-mitigation strategies are anticipated to have aided the operation performance of the segment in the quarter under review.

Further, the company’s proper execution of its core growth strategies — including operational excellence, global market expansion, investments in product development and acquisitions —is expected to have driven the first-quarter performance.

Additionally, AMETEK’s focus on strong cash flow generation is anticipated to have aided capital deployment activities in the to-be-reported quarter.

Apart from these, the impacts of strengthening momentum across the AMETEK Growth Model are expected to get reflected in the to-be-reported quarterly results.

What Our Model Says

Our proven model conclusively predictsan 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 +0.49% and a Zacks Rank #2.

Other Stocks to Consider

Here are someother stocks that you may consider, as our proven model shows that these too have the right combination of elements to post an earnings beat this quarter.

Waters Corporation (WAT - Free Report) has an Earnings ESP of +2.94% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Vishay Intertechnology, Inc. (VSH - Free Report) currently has an Earnings ESP of +5.22% and a Zacks Rank #2.

Square, Inc. (SQ - Free Report) presently has an Earnings ESP of +16.14% and a Zacks Rank of 3.

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