Professional tools and equipment manufacturer Snap-on (NYSE:SNA) will be reporting earnings tomorrow before market open. Here’s what to look for.
Snap-on met analysts’ revenue expectations last quarter, reporting revenues of $1.30 billion, flat year on year. It was a slower quarter for the company, with a miss of analysts’ organic revenue and EBITDA estimates.
Is Snap-on a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Snap-on’s revenue to grow 1.1% year on year to $1.30 billion, in line with its flat revenue from the same quarter last year. Adjusted earnings are expected to come in at $4.82 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Snap-on has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Snap-on’s peers in the industrial machinery segment, only Worthington has reported results so far. It beat analysts’ revenue estimates by 6.7%, posting year-on-year sales declines of 3.9%. The stock traded up 24% on the results.
Read our full analysis of Worthington’s earnings results here.Today’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
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