AMETEK AME is scheduled to report second-quarter 2022 outcomes on Aug 2.
For the second quarter, AMETEK expects gross sales development of low-to-mid-single digits from the year-ago quarter’s reported determine. The Zacks Consensus Estimate for gross sales is pegged at $1.46 billion, suggesting development of 5.1% from the prior-year interval’s reported quantity.
AME expects adjusted earnings of $1.27-$1.30 per share, suggesting development of 10-13% from the year-ago quarter’s reported determine. The Zacks Consensus Estimate for earnings is pegged at $1.29 per share, implying development of 12.2% from the year-earlier quarter’s reported determine.
Earnings beat estimates in every of the trailing 4 quarters, the common being 4.7%.
AMETEK, Inc. Price and EPS Surprise
AMETEK, Inc. price-eps-surprise | AMETEK, Inc. Quote
Factors to Consider
AMETEK’s second-quarter outcomes are anticipated to replicate sturdy performances of the Electronic Instruments Group (EIG) and Electromechanical Group (EMG) segments.
AME’s EIG phase is probably going to have benefited from steady natural development and accretive acquisitions in the to-be-reported quarter.
AMETEK’s strong operational execution and constant natural development may need pushed the EMG phase’s revenues in the quarter underneath evaluate.
Strong performances of Creaform, Reichert Technologies and TMC Precitech companies are anticipated to have aided the Ultra Precision Technologies division in the second quarter.
Continuous investments to develop new merchandise and superior options in addition to assist development initiatives are seemingly to have remained a tailwind.
AME’s differentiated movement management capabilities are anticipated to have continued creating strong demand inside its automation companies in the underlined quarter.
In addition, impacts of strengthening momentum throughout the AMETEK development mannequin are seemingly to get mirrored in the to-be-reported outcomes.
However, uncertainties associated to the coronavirus pandemic may get mirrored in the upcoming quarterly outcomes. The pandemic-induced lockdown in China is probably going to have remained a headwind.
Global supply-chain constraints, elevated inflation and the ongoing Russia-Ukraine warfare are anticipated to have endured in the to-be-reported quarter.
What Our Model Says
Our confirmed mannequin doesn’t conclusively predict an earnings beat for AMETEK this time round. The mixture of a optimistic Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) will increase the odds of an earnings beat. But, that’s not the case in right here. You can uncover the finest shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter.
AMETEK has an Earnings ESP of -0.67% and a Zacks Rank #4 (Sell) at current.
Stocks to Consider
Here are some shares price contemplating, as our mannequin exhibits that these have the proper mixture of components to beat on earnings this season.
Palo Alto Networks PANW has an Earnings ESP of +0.47% and a Zacks Rank #2 at current. You can see the complete list of today’s Zacks #1 Rank stocks here.
Palo Alto Networks is about to report fourth-quarter fiscal 2022 outcomes on Aug 22. The Zacks Consensus Estimate for PANW’s earnings is pegged at $2.28 per share, suggesting a rise of 42.5% from the prior-year fiscal interval’s reported determine.
Keysight Technologies KEYS has an Earnings ESP of +1.23% and a Zacks Rank of two at current.
Keysight Technologies is scheduled to launch third-quarter fiscal 2022 outcomes on Aug 17. The Zacks Consensus Estimate for KEYS’ earnings is pegged at $1.79 per share, suggesting a rise of 16.2% from the prior-year fiscal quarter’s reported determine.
Box BOX has an Earnings ESP of +1.20% and a Zacks Rank #3 at current.
Box is scheduled to launch second-quarter fiscal 2023 outcomes on Aug 24. The Zacks Consensus Estimate for BOX’s earnings is pegged at 28 cents per share, suggesting a rise of 33.3% from the prior-year quarter’s reported determine.
Stay on high of upcoming earnings bulletins with the Zacks Earnings Calendar.
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.