We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Curious about Snap-On (SNA) Q3 Performance? Explore Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Analysts on Wall Street project that Snap-On (SNA - Free Report) will announce quarterly earnings of $4.59 per share in its forthcoming report, representing a decline of 2.3% year over year. Revenues are projected to reach $1.15 billion, increasing 0.3% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Snap-On metrics that are commonly tracked and forecasted by Wall Street analysts.
The average prediction of analysts places 'Net Sales- Financial Services Revenue' at $101.14 million. The estimate indicates a change of +0.7% from the prior-year quarter.
Analysts forecast 'Net Sales- Repair Systems & Information Group' to reach $446.71 million. The estimate suggests a change of +5.7% year over year.
The consensus among analysts is that 'Net Sales- Snap-on Tools Group' will reach $492.00 million. The estimate points to a change of -1.7% from the year-ago quarter.
Analysts expect 'Net Sales- Commercial & Industrial Group' to come in at $355.43 million. The estimate suggests a change of -2.8% year over year.
The consensus estimate for 'Operating earnings / (losses)- Financial services' stands at $69.48 million. Compared to the current estimate, the company reported $71.70 million in the same quarter of the previous year.
Analysts' assessment points toward 'Operating earnings / (losses)- Commercial & Industrial Group' reaching $55.64 million. Compared to the current estimate, the company reported $61.00 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Operating earnings / (losses)- Snap-on Tools Group' should come in at $105.52 million. Compared to the current estimate, the company reported $108.30 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Operating earnings / (losses)- Repair Systems & Information Group' should arrive at $110.49 million. Compared to the current estimate, the company reported $107.30 million in the same quarter of the previous year.
Shares of Snap-On have demonstrated returns of -1.9% over the past month compared to the Zacks S&P 500 composite's +0.4% change. With a Zacks Rank #3 (Hold), SNA is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Curious about Snap-On (SNA) Q3 Performance? Explore Wall Street Estimates for Key Metrics
Analysts on Wall Street project that Snap-On (SNA - Free Report) will announce quarterly earnings of $4.59 per share in its forthcoming report, representing a decline of 2.3% year over year. Revenues are projected to reach $1.15 billion, increasing 0.3% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Snap-On metrics that are commonly tracked and forecasted by Wall Street analysts.
The average prediction of analysts places 'Net Sales- Financial Services Revenue' at $101.14 million. The estimate indicates a change of +0.7% from the prior-year quarter.
Analysts forecast 'Net Sales- Repair Systems & Information Group' to reach $446.71 million. The estimate suggests a change of +5.7% year over year.
The consensus among analysts is that 'Net Sales- Snap-on Tools Group' will reach $492.00 million. The estimate points to a change of -1.7% from the year-ago quarter.
Analysts expect 'Net Sales- Commercial & Industrial Group' to come in at $355.43 million. The estimate suggests a change of -2.8% year over year.
The consensus estimate for 'Operating earnings / (losses)- Financial services' stands at $69.48 million. Compared to the current estimate, the company reported $71.70 million in the same quarter of the previous year.
Analysts' assessment points toward 'Operating earnings / (losses)- Commercial & Industrial Group' reaching $55.64 million. Compared to the current estimate, the company reported $61.00 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Operating earnings / (losses)- Snap-on Tools Group' should come in at $105.52 million. Compared to the current estimate, the company reported $108.30 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Operating earnings / (losses)- Repair Systems & Information Group' should arrive at $110.49 million. Compared to the current estimate, the company reported $107.30 million in the same quarter of the previous year.
View all Key Company Metrics for Snap-On here>>>Shares of Snap-On have demonstrated returns of -1.9% over the past month compared to the Zacks S&P 500 composite's +0.4% change. With a Zacks Rank #3 (Hold), SNA is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .