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Emerson Electric Co. (EMR - Free Report) is a diversified global manufacturing and technology company. It offers a wide range of products and services in the areas of process management, climate technologies, network power, storage solutions, professional tools, appliance solutions, motor technologies, and industrial automation.
EMR’s ongoing mergers and acquisitions are likely to influence it to grow its business and help it gain access to new technologies and markets across geographies. Moreover, EMR’s cost cutting and restructuring initiatives are expected to benefit its results going forward.
However, investors should note that, the company has been suffering from low revenues over the last few quarters due to negative effect of currency fluctuations.
In the last four trailing quarters, EMR has reported an average positive earnings surprise of 2.9%. Emerson’s results are expected to benefit from positive developments at the company’s Commercial & Residential Solutions segment, as well as favorable trends in the U.S. construction market.
Currently, EMR has a Zacks Rank #4 (Sell) but that could change following its third-quarter fiscal 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: EMR beats on earnings. Adjusted earnings per share came in at 80 cents, missing the Zacks Consensus Estimate of 84 cents.
Revenue: Revenues of $5,126 million lagged the Zacks Consensus Estimate of $5,309 million.
Key Stats: Emerson continued to grapple with challenging economic conditions and adverse currency translation effect. The company witnessed year over year sales decline in all segments except Network Power.
Stock Price: EMR shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this EMR earnings report later!
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Emerson (EMR) Q3 Earnings Miss, Revenues Weak Y/Y
Emerson Electric Co. (EMR - Free Report) is a diversified global manufacturing and technology company. It offers a wide range of products and services in the areas of process management, climate technologies, network power, storage solutions, professional tools, appliance solutions, motor technologies, and industrial automation.
EMR’s ongoing mergers and acquisitions are likely to influence it to grow its business and help it gain access to new technologies and markets across geographies. Moreover, EMR’s cost cutting and restructuring initiatives are expected to benefit its results going forward.
However, investors should note that, the company has been suffering from low revenues over the last few quarters due to negative effect of currency fluctuations.
In the last four trailing quarters, EMR has reported an average positive earnings surprise of 2.9%. Emerson’s results are expected to benefit from positive developments at the company’s Commercial & Residential Solutions segment, as well as favorable trends in the U.S. construction market.
EMERSON ELEC CO Price and EPS Surprise
EMERSON ELEC CO Price and EPS Surprise | EMERSON ELEC CO Quote
Currently, EMR has a Zacks Rank #4 (Sell) but that could change following its third-quarter fiscal 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: EMR beats on earnings. Adjusted earnings per share came in at 80 cents, missing the Zacks Consensus Estimate of 84 cents.
Revenue: Revenues of $5,126 million lagged the Zacks Consensus Estimate of $5,309 million.
Key Stats: Emerson continued to grapple with challenging economic conditions and adverse currency translation effect. The company witnessed year over year sales decline in all segments except Network Power.
Stock Price: EMR shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this EMR earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>