Enerpac (EPAC) got here out with quarterly earnings of $0.39 per share, in keeping with the Zacks Consensus Estimate. This compares to earnings of $0.36 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
1 / 4 in the past, it was anticipated that this industrial merchandise firm would publish earnings of $0.41 per share when it really produced earnings of $0.40, delivering a shock of -2.44%.
Over the past 4 quarters, the corporate has not been capable of surpass consensus EPS estimates.
Enerpac
The sustainability of the inventory’s fast worth motion primarily based on the recently-released numbers and future earnings expectations will largely rely on administration’s commentary on the earnings name.
Enerpac shares have added about 2.8% because the starting of the yr versus the S&P 500’s decline of -3.6%.
What’s Subsequent for Enerpac?
Whereas Enerpac has outperformed the market up to now this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.
Empirical analysis reveals a robust correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a formidable observe file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Enerpac: combined. Whereas the magnitude and course of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in keeping with the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will likely be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.47 on $162.2 million in revenues for the approaching quarter and $1.78 on $622.5 million in revenues for the present fiscal yr.
Traders ought to be aware of the truth that the outlook for the business can have a cloth impression on the efficiency of the inventory as effectively. By way of the Zacks Trade Rank, Manufacturing – Instruments & Associated Merchandise is at the moment within the prime 33% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Core & Important (CNM), one other inventory in the identical business, has but to report outcomes for the quarter ended January 2025. The outcomes are anticipated to be launched on March 25.
This distributor of water and fireplace safety merchandise is anticipated to publish quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of +5.9%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Core & Important’s revenues are anticipated to be $1.68 billion, up 16.7% from the year-ago quarter.
Ought to You Spend money on Enerpac Software Group Corp. (EPAC)?
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Enerpac Tool Group Corp. (EPAC) : Free Stock Analysis Report
Core & Main, Inc. (CNM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
