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Snap-on (SNA) to Report Q1 Earnings: What's in the Offing?
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Snap-on Inc. (SNA - Free Report) is scheduled to report first-quarter 2020 results on Apr 21. In the last reported quarter, the global provider of professional tools, equipment and related solutions delivered a positive earnings surprise of 0.3%. The company has delivered positive earnings surprise of 1.2%, on average, in the trailing four quarters.
The consensus mark for the company’s first-quarter earnings is pegged at $2.82, which suggests a decline of 6.3% from the year-ago quarter’s reported figure. The consensus mark for the same has declined 8.4% in the past 30 days. For first-quarter revenues, the consensus mark is pegged at $890.18 million, which indicates 3.4% fall from the prior-year quarters reported figure.
Adverse impacts of foreign currency have been putting pressure on Snap-on’s overall performance and segmental results for a while now. Moreover, uncertainties in Europe, especially related to Brexit along with volatility in raw material prices, have been a threat to the company. Apart from these factors, the company faces headwinds across its Repair Systems & Information Group.
Nevertheless, Snap-on’s robust business model and focus on value-creation processes have been aiding the company’s earnings. Moreover, the company benefits from its growth strategy. In this regard, its Rapid Continuous Improvement program designed to enhance organizational effectiveness and efficiency as well as generate savings has been aiding margins. These along with strength in the Commercial & Industrial Group have been working in Snap-on’s favor.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Snap-on this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Snap-on carries a Zacks Rank #3 and an Earnings ESP of -2.49%.
Stocks With Favorable Combinations
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat.
Charter Communications (CHTR - Free Report) currently has an Earnings ESP of +2.88% and a Zacks Rank #3.
World Wrestling Entertainment currently has an Earnings ESP of +2.35% and a Zacks Rank #3.
Looking for Stocks with Skyrocketing Upside?
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Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Snap-on (SNA) to Report Q1 Earnings: What's in the Offing?
Snap-on Inc. (SNA - Free Report) is scheduled to report first-quarter 2020 results on Apr 21. In the last reported quarter, the global provider of professional tools, equipment and related solutions delivered a positive earnings surprise of 0.3%. The company has delivered positive earnings surprise of 1.2%, on average, in the trailing four quarters.
The consensus mark for the company’s first-quarter earnings is pegged at $2.82, which suggests a decline of 6.3% from the year-ago quarter’s reported figure. The consensus mark for the same has declined 8.4% in the past 30 days. For first-quarter revenues, the consensus mark is pegged at $890.18 million, which indicates 3.4% fall from the prior-year quarters reported figure.
Snap-On Incorporated Price and EPS Surprise
Snap-On Incorporated price-eps-surprise | Snap-On Incorporated Quote
Key Factors to Note
Adverse impacts of foreign currency have been putting pressure on Snap-on’s overall performance and segmental results for a while now. Moreover, uncertainties in Europe, especially related to Brexit along with volatility in raw material prices, have been a threat to the company. Apart from these factors, the company faces headwinds across its Repair Systems & Information Group.
Nevertheless, Snap-on’s robust business model and focus on value-creation processes have been aiding the company’s earnings. Moreover, the company benefits from its growth strategy. In this regard, its Rapid Continuous Improvement program designed to enhance organizational effectiveness and efficiency as well as generate savings has been aiding margins. These along with strength in the Commercial & Industrial Group have been working in Snap-on’s favor.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Snap-on this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Snap-on carries a Zacks Rank #3 and an Earnings ESP of -2.49%.
Stocks With Favorable Combinations
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat.
Prestige Consumer Healthcare (PBH - Free Report) currently has an Earnings ESP of +3.38% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Charter Communications (CHTR - Free Report) currently has an Earnings ESP of +2.88% and a Zacks Rank #3.
World Wrestling Entertainment currently has an Earnings ESP of +2.35% and a Zacks Rank #3.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>