Rockwell Automation Inc. (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.
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. 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 2017 third 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 been stable over the last 30 days. The Zacks Consensus Estimate for the third quarter of fiscal 2017 currently stands at $1.64. As regards earnings surprise, Rockwell Automation has an impressive surprise history and outpaced the Zacks Consensus Estimate in all of the past four quarters, with an average beat of 9.89%
Rockwell Automation, Inc. Price and EPS Surprise