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Mettler-Toledo (MTD) Q2 Earnings: Disappointment in Store?
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Mettler-Toledo International, Inc. (MTD - Free Report) is set to report second-quarter 2018 results on Jul 26.
The company has topped the Zacks Consensus Estimate in three of the trailing four quarters while missing in one, recording an average positive earnings surprise of 0.54%.
In the last reported quarter, Mettler-Toledo reported adjusted earnings of $3.74 per share, which increased 12% on a year-over-year basis but decreased 37.3% sequentially. The figure missed the Zacks Consensus Estimate by 2 cents but came ahead of management’s guided range of $3.65-$3.70 per share.
Net sales of $660.8 million surpassed the Zacks Consensus Estimate of $651.1 million and were up 11.1% year over year but declined 15.1% from the previous quarter.
Favorable exchange rate, robust performance of Laboratory business and benefits from Biotix acquisition drove year-over-year top-line growth. The company performed well in China which also drove the results.
For second-quarter 2018, the company anticipates adjusted earnings between $4.55 and $4.60 per share.
Let’s see how things are shaping up for this quarter.
Key Factors to Consider
Mettler-Toledo’s top-line growth remains very specific to its segmental performance. The company’s well performing Laboratory segment has been driving its top-line growth over the past few years.
We remain optimistic about the positive contributions from Biotix acquisition which is likely to benefit the laboratory business’ sales figure in the second quarter. Moreover, strong product pipeline which includes robust analytical instruments, balances, auto-chem to name a few remains positive for the to-be reported quarter.
Further, Spinnaker sales and marketing programs are likely to drive the top and bottom lines. Additionally, the company remains confident of its position in the European as well as Chinese market.
Mettler-Toledo also expects product inspection and food retail business to perform well in the second quarter.
However, cost consolidation process related to product inspection business is likely to impact the company’s performance in the Industrial segment. Additionally, Mettler-Toledo’s Retail segment is likely to persist with sluggish growth due to its lumpy nature.
Further, the U.S.-China trade war regarding tariff is a major concern for the company’s export-import activities in China.
Mettler-Toledo International, Inc. Price and EPS Surprise
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has good chance of beating estimates if it also has a positive Earnings ESP. The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Mettler-Toledo currently has a Zacks Rank #4 and an Earnings ESP of -0.03%. Our proven model indicates that the company is unlikely to beat estimates.
Stocks That Warrant a Look
Here is a stock worth considering as our model shows that it has the right combination of elements to deliver an earnings beat in the upcoming releases.
Agilent Technologies (A - Free Report) has an Earnings ESP of +0.88 and a Zacks Rank #3.
Advanced Energy Industries (AEIS - Free Report) has an Earnings ESP of +0.53 and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Mettler-Toledo (MTD) Q2 Earnings: Disappointment in Store?
Mettler-Toledo International, Inc. (MTD - Free Report) is set to report second-quarter 2018 results on Jul 26.
The company has topped the Zacks Consensus Estimate in three of the trailing four quarters while missing in one, recording an average positive earnings surprise of 0.54%.
In the last reported quarter, Mettler-Toledo reported adjusted earnings of $3.74 per share, which increased 12% on a year-over-year basis but decreased 37.3% sequentially. The figure missed the Zacks Consensus Estimate by 2 cents but came ahead of management’s guided range of $3.65-$3.70 per share.
Net sales of $660.8 million surpassed the Zacks Consensus Estimate of $651.1 million and were up 11.1% year over year but declined 15.1% from the previous quarter.
Favorable exchange rate, robust performance of Laboratory business and benefits from Biotix acquisition drove year-over-year top-line growth. The company performed well in China which also drove the results.
For second-quarter 2018, the company anticipates adjusted earnings between $4.55 and $4.60 per share.
Let’s see how things are shaping up for this quarter.
Key Factors to Consider
Mettler-Toledo’s top-line growth remains very specific to its segmental performance. The company’s well performing Laboratory segment has been driving its top-line growth over the past few years.
We remain optimistic about the positive contributions from Biotix acquisition which is likely to benefit the laboratory business’ sales figure in the second quarter. Moreover, strong product pipeline which includes robust analytical instruments, balances, auto-chem to name a few remains positive for the to-be reported quarter.
Further, Spinnaker sales and marketing programs are likely to drive the top and bottom lines. Additionally, the company remains confident of its position in the European as well as Chinese market.
Mettler-Toledo also expects product inspection and food retail business to perform well in the second quarter.
However, cost consolidation process related to product inspection business is likely to impact the company’s performance in the Industrial segment. Additionally, Mettler-Toledo’s Retail segment is likely to persist with sluggish growth due to its lumpy nature.
Further, the U.S.-China trade war regarding tariff is a major concern for the company’s export-import activities in China.
Mettler-Toledo International, Inc. Price and EPS Surprise
Mettler-Toledo International, Inc. Price and EPS Surprise | Mettler-Toledo International, Inc. Quote
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has good chance of beating estimates if it also has a positive Earnings ESP. The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Mettler-Toledo currently has a Zacks Rank #4 and an Earnings ESP of -0.03%. Our proven model indicates that the company is unlikely to beat estimates.
Stocks That Warrant a Look
Here is a stock worth considering as our model shows that it has the right combination of elements to deliver an earnings beat in the upcoming releases.
AMETEK (AME - Free Report) has an Earnings ESP of +0.43% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Agilent Technologies (A - Free Report) has an Earnings ESP of +0.88 and a Zacks Rank #3.
Advanced Energy Industries (AEIS - Free Report) has an Earnings ESP of +0.53 and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>