Milacron Holdings Corp. (MCRN - Free Report) manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in North America, Europe, Asia, and internationally.
Milacron’s revenue growth will be driven by rising demand from plastics in many markets, geographic expansion of certain product lines and solid order growth. The company’s breakthrough Klear Can technology will be a game changer given its edge over traditional metal cans. Milacron’s cost-reduction initiatives will aid margins.
We have highlighted some of the key stats from this just revealed announcement below:
Estimate Trend & Surprise History: Investors should note that the earnings estimate revisions for Milacron Holdings has remained stabled prior to the earnings release. The Zacks Consensus Estimate currently stands at 41 cents for the second quarter.
In the past four quarters, the company managed to beat the Zacks Consensus Estimate on 2 occasions and came in line in one quarter. The company has an average positive surprise of 9.23%.
Milacron Holdings Corp. Price and EPS Surprise