Industrial Stocks' Q4 Earnings on Feb 27: JBT, SNHY & AIMC
We are in the final stretch of the fourth-quarter earnings season, with 411 S&P 500 companies having already reported results as of Feb 17. The earnings season has provided a favorable picture so far. We notice that the top- and bottom-line growth is on track to reach a new quarterly record.
Per the Earnings Preview (dated Feb 17, 2017), earnings for the total S&P 500 companies are likely to witness an upside of 7.4% from the year-ago period, with total revenue rising 3.9%.
Per the report, out of the companies that have come up with their quarterly figures, around 68.9% posted positive earnings surprises, while 54.7% beat top-line expectations. Total earnings for these members increased 8% from the prior-year quarter on 4.9% higher revenues.
However, performance of the index is not restricted to a single sector. Notably, out of the 16 Zacks sectors, four are expected to witness an earnings decline. Of these, Transportation, Autos and Conglomerates are likely to be the major drags.
Performance of the Industrial Products sector has remained fairly good this season. As of Feb 17, almost all the S&P 500 companies in this sector have reported results; recording a 6% rise in earnings and 3.7% growth in revenues year over year.
We project earnings of all the Industrial Products stocks in the S&P 500 Group to witness 6% year-over-year growth; while revenues are likely to be up 4.1%.
Manufacturing-General Industrial stocks form part of the Industrial Products sector. Let’s delve deeper to know more about the following industrial stocks lined up for earnings releases on Feb 27.
What’s in Store for these 3 Industrial Stocks?
John Bean Technologies Corporation JBT is slated to report fourth-quarter and full-year 2016 results, after the market closes. The company has delivered a positive average earnings surprise of 17.98% for the four trailing quarters. However, our proven model does not conclusively show that John Bean Technologies would beat estimates in this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) for an earnings beat. That is not the case here as we will see below.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
John Bean Technologies currently has an Earnings ESP of 0.00%. The Most Accurate estimate for the stock is in line with the Zacks Consensus Estimate of 67 cents.
The company carries a favorable Zacks Rank #3, but an Earnings ESP of 0.00% makes surprise predictions inconclusive.
John Bean Technologies Corporation Price and EPS Surprise
John Bean Technologies Corporation Price and EPS Surprise | John Bean Technologies Corporation Quote
You can see the complete list of today’s Zacks #1 Rank stocks here.
Sun Hydraulics Corporation SNHY is set to report fourth-quarter and full-year 2016 results, after the market closes. The company has delivered a negative average earnings surprise of 0.64% for the last four quarters. However, our proven model does not conclusively show that Sun Hydraulics would beat estimates in this quarter.
The stock presently carries a Zacks Rank #3, but an Earnings ESP of 0.00% makes surprise predictions difficult. The Most Accurate estimate for the stock is in line with the Zacks Consensus Estimate of 15 cents.
Sun Hydraulics Corporation Price and EPS Surprise
Sun Hydraulics Corporation Price and EPS Surprise | Sun Hydraulics Corporation Quote
Altra Industrial Motion Corp. AIMC is slated to report fourth-quarter and full-year 2016 results, before the market opens. The company has delivered a positive average earnings surprise of 8.06% for the last four quarters. However, our proven model does not conclusively indicate an earnings beat for Altra Industrial Motion this quarter.
The stock presently carries a Zacks Rank #3, but an Earnings ESP of 0.00% makes surprise predictions difficult. The Most Accurate estimate for the stock is in line with the Zacks Consensus Estimate of 34 cents.
Altra Industrial Motion Corp. Price and EPS Surprise
Altra Industrial Motion Corp. Price and EPS Surprise | Altra Industrial Motion Corp. Quote
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