AMETEK (AME) Reports Earnings Tomorrow: What To Expect

StockStory
02-03
AMETEK (AME) Reports Earnings Tomorrow: What To Expect

Electronic products manufacturer AMETEK (NYSE:AME) will be reporting results tomorrow before the bell. Here’s what to look for.

AMETEK met analysts’ revenue expectations last quarter, reporting revenues of $1.71 billion, up 5.3% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ adjusted operating income estimates but organic revenue in line with analysts’ estimates.

Is AMETEK a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting AMETEK’s revenue to grow 5.5% year on year to $1.83 billion, in line with the 6.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.85 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. AMETEK has missed Wall Street’s revenue estimates six times over the last two years.

Looking at AMETEK’s peers in the electrical equipment segment, some have already reported their Q4 results, giving us a hint as to what we can expect. LSI delivered year-on-year revenue growth of 35.5%, beating analysts’ expectations by 14.3%, and Teledyne reported revenues up 5.4%, topping estimates by 3.6%. LSI traded up 11.7% following the results while Teledyne was also up 7.2%.

Read our full analysis of LSI’s results here and Teledyne’s results here.

Investors in the electrical equipment segment have had steady hands going into earnings, with share prices flat over the last month. AMETEK is up 2.9% during the same time and is heading into earnings with an average analyst price target of $200.26 (compared to the current share price of $182.47).

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