Professional tools and equipment manufacturer Snap-on (NYSE: SNA) will be reporting earnings tomorrow before market open. Here’s what to look for.
Snap-on met analysts’ revenue expectations last quarter, reporting revenues of $1.30 billion, flat year on year. It was a slower quarter for the company, with a miss of analysts’ organic revenue and EBITDA estimates.
Is Snap-on a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Snap-on’s revenue to grow 1.1% year on year to $1.30 billion, in line with its flat revenue from the same quarter last year. Adjusted earnings are expected to come in at $4.82 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Snap-on has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Snap-on’s peers in the industrial machinery segment, only Worthington has reported results so far. It beat analysts’ revenue estimates by 6.7%, posting year-on-year sales declines of 3.9%. The stock traded up 24% on the results.
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