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Will Acquisition Synergies Drive AMETEK (AME) Q3 Earnings?
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AMETEK, Inc. (AME - Free Report) is slated to report third-quarter 2017 results before the bell on Nov 2. We expect buyouts and strong organic growth across all segments to contribute significantly to the company’s top line in the quarter.
We observe that shares of AMETEK have gained 42.4% year to date, underperforming the industry’s 49.8% rally.
Here are the Q3 expectations on a segmental basis
Electronic Instruments Group (EIG)
Growth of the segment is expected to be driven by positive contributions from the acquisitions of HS Foils, Nu Instruments, and Rauland. The Zacks Consensus Estimate for this segment’s revenues is pegged at $651 million. In the second quarter, EIG segment revenues increased 10.3% year over year.
Electromechanical Group (EMG)
This segment is expected to be driven by solid organic growth across all businesses and positive contribution from the Laserage acquisition. The Zacks Consensus Estimate for this segment’s revenues is pegged at $382 million. EMG revenues increased 6.6% year over year in the second quarter.
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.
AMETEK has a Zacks Rank #3 and an Earnings ESP of +0.18%. This indicates a likely positive surprise. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are some stocks that you may also want to consider as our model shows these have the right combination of elements to post a positive earnings surprise:
HubSpot, Inc. (HUBS - Free Report) , with an Earnings ESP of +26.53% and a Zacks Rank #2.
Extreme Networks, Inc., (EXTR - Free Report) with an Earnings ESP of +9.75% and a Zacks Rank #3.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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Will Acquisition Synergies Drive AMETEK (AME) Q3 Earnings?
AMETEK, Inc. (AME - Free Report) is slated to report third-quarter 2017 results before the bell on Nov 2. We expect buyouts and strong organic growth across all segments to contribute significantly to the company’s top line in the quarter.
We observe that shares of AMETEK have gained 42.4% year to date, underperforming the industry’s 49.8% rally.
Here are the Q3 expectations on a segmental basis
Electronic Instruments Group (EIG)
Growth of the segment is expected to be driven by positive contributions from the acquisitions of HS Foils, Nu Instruments, and Rauland. The Zacks Consensus Estimate for this segment’s revenues is pegged at $651 million. In the second quarter, EIG segment revenues increased 10.3% year over year.
Electromechanical Group (EMG)
This segment is expected to be driven by solid organic growth across all businesses and positive contribution from the Laserage acquisition. The Zacks Consensus Estimate for this segment’s revenues is pegged at $382 million. EMG revenues increased 6.6% year over year in the second quarter.
AMTEK, Inc. Price and EPS Surprise
AMTEK, Inc. Price and EPS Surprise | AMTEK, Inc. Quote
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.
AMETEK has a Zacks Rank #3 and an Earnings ESP of +0.18%. This indicates a likely positive surprise. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are some stocks that you may also want to consider as our model shows these have the right combination of elements to post a positive earnings surprise:
NVIDIA Corp. (NVDA - Free Report) , with an Earnings ESP of +0.53% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
HubSpot, Inc. (HUBS - Free Report) , with an Earnings ESP of +26.53% and a Zacks Rank #2.
Extreme Networks, Inc., (EXTR - Free Report) with an Earnings ESP of +9.75% and a Zacks Rank #3.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>