Timken (TKR) got here out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.37 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 18.37%. 1 / 4 in the past, it was anticipated that this maker of bearings and energy transmissions would put up earnings of $1.37 per share when it really produced earnings of $1.23, delivering a shock of -10.22%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates thrice.
Timken
The sustainability of the inventory’s instant value motion primarily based on the recently-released numbers and future earnings expectations will largely rely on administration’s commentary on the earnings name.
Timken shares have added about 10.6% for the reason that starting of the yr versus the S&P 500’s achieve of two.7%.
What’s Subsequent for Timken?
Whereas Timken has outperformed the market to date this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There aren’t any straightforward solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.
Empirical analysis exhibits a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a powerful monitor document of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Timken: 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.
Will probably be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $1.76 on $1.18 billion in revenues for the approaching quarter and $6.36 on $4.68 billion in revenues for the present fiscal yr.
Buyers needs to be conscious of the truth that the outlook for the trade can have a fabric impression on the efficiency of the inventory as nicely. By way of the Zacks Trade Rank, Electronics – Miscellaneous Merchandise is at the moment within the high 35% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Mistras (MG), one other inventory in the identical trade, has but to report outcomes for the quarter ended December 2024.
This engineering companies firm is predicted to put up quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +90%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Mistras’ revenues are anticipated to be $171.8 million, down 5.6% from the year-ago quarter.
Ought to You Put money into Timken Firm (The) (TKR)?
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Zacks Funding Analysis has been dedicated to offering buyers with instruments and impartial analysis since 1978. For greater than 1 / 4 century, the Zacks Rank stock-rating system has greater than doubled the S&P 500 with a mean achieve of +24.08% per yr. (These returns cowl a interval from January 1, 1988 by way of Could 6, 2024.)
Timken Company (The) (TKR) : Free Stock Analysis Report
Mistras Group Inc (MG) : Free Stock Analysis Report
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