Rockwell Automation (ROK - Free Report) is the world’s largest company dedicated to industrial automation. Its products, services and solutions address a broad range of challenges in every major industrial sector, from automotive and tire to mining and oil and gas, from pharmaceuticals to food and beverage. Its brands include Allen-Bradley, Reliance Electric and Rockwell Software.
Rockwell’s growth and performance strategy seeks to achieve growth rates in excess of the automation market by expanding its served market, diversifying sales streams by broadening portfolio of products, solutions and services, expanding its global presence, growing market share and making acquisitions. Heavy industry end markets including oil and gas have not yet stabilized, and Rockwell Automation foresees continued softness in key emerging markets. In the U.S., its largest market, a strong dollar is adversely affecting producers and OEMs. Moreover, weakness in the mining industry and lack of major projects also remain concerns.
Investors have thus been eagerly awaiting the company’s fiscal 2016 fourth quarter earnings report. Let’s have a quick look at the earnings release of this Milwaukee, WI-based provider industrial automation power, control, and information solutions.
Estimate Trend & Surprise History: The earnings estimate revisions for Rockwell Automation has remained static prior to the earnings release. The Zacks Consensus Estimate for the fourth quarter of fiscal 2016 currently stands at $1.49. As regards earnings surprise, Rockwell Automation outpaced the Zacks Consensus Estimate in three of the past four quarters, with an average beat of 2.34%.
ROCKWELL AUTOMT Price and EPS Surprise
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>>