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Rockwell Automation (ROK) Q2 Earnings & Revenues Lag Estimates

Zacks Equity Research

Rockwell Automation Inc. ROK the world’s largest company dedicated to industrial automation, reported second-quarter fiscal 2019 results, wherein adjusted earnings of $2.04 missed the Zacks Consensus Estimate of $2.11.
 
Revenue: Rockwell Automation reported revenues of $1,657 million in the second quarter fiscal 2019, which failed to match the Zacks Consensus Estimate of $1,717 million.
 
Earnings Estimates Revision: The earnings estimate revisions for Rockwell Automation has gone down 0.5% over the last 30 days. In the trailing four quarters, excluding quarter under review, the company’s earnings have surpassed the Zacks Consensus Estimate by an average of 6.74%.

Rockwell Automation, Inc. Price and EPS Surprise

Rockwell Automation, Inc. Price and EPS Surprise

Rockwell Automation, Inc. price-eps-surprise | Rockwell Automation, Inc. Quote

Outlook:  For 2019, the company trimmed its adjusted EPS guidance to $8.85-$9.15 from the prior $8.85-$9.25. It anticipates organic sales to grow 3.7-5.3% down from the prievious expectation of 3.7%-6.7%.

Zacks Rank: Currently, Rockwell Automation has a Zacks Rank #4 (Sell). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank stocks here.

Market Reaction: Rockwell Automation’s shares dipped 3.08% in pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
 
Check back later for our full write up on this Rockwell Automation earnings report later!

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