Snap-on Incorporated 2Q Earnings Pregame Scorecard
Snap-on Incorporated (NYSE:SNA) has beaten analyst's estimates in each of the last five quarters and will try to do so again on Thursday, July 19, 2012.
Expectations
Analysts currently expect Snap-on Incorporated to come in with earnings of $1.20 per share on revenues of $767.8 million. Analysts gave estimates ranging from $1.16 per share to $1.23 per share. Over the past three months, the average estimate has moved down from $1.25.
Last Quarter's Results
In the first quarter, profit rose 26.3% to $71 million ($1.21 a share) from $56.2 million (96 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 6% to $735.2 million from $693.7 million.
Stock Ratings
Analysts are bullish on the stock as three analysts rate it as a buy and there are no sell ratings. The average analyst rating of the stock has stayed steadfast from three months prior.
Stock Movement
In terms of price changes, the stock's best recent streak was when it gained $5.03 per share between June 4, 2012 and June 8, 2012. Looking at change over the last three months, from April 18, 2012 and July 13, 2012, the stock price is up $1.56 (2.6%), from $59.65 to $61.21.
Company Fundamental Trends
Summary
Reporting Period: 2Q
Date of Release: Thursday, July 19, 2012 before market open
EPS: $1.20
Revenue Estimate: $767.8 million
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)