We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Generac (GNRC) to Report Q4 Earnings: What's in the Cards?
Read MoreHide Full Article
Generac Holdings Inc. (GNRC - Free Report) is scheduled to report fourth-quarter 2020 results on Feb 11, before the opening bell. In the last reported quarter, the company delivered a positive earnings surprise of 18.9%. It pulled off a trailing four-quarter earnings surprise of 24.9%, on average.
The Waukesha, WI-based company is expected to have recorded higher revenues year over year. The performance is likely to have been primarily driven by growth in sales of home standby and portable generators. It continues to benefit from unprecedented residential product demand, led by the ‘Home as a Sanctuary’ trend as people are spending more time at home.
During the quarter under review, Generac acquired Denver, CO-based Enbala Power Networks Inc. — a leading distributed energy resources technology company. The buyout has advanced the company’s capabilities into the rapidly growing virtual power plant and smart grid services markets.
For the December quarter, the Zacks Consensus Estimate for revenues is pegged at $726 million, indicating growth of 22.8% from the year-ago quarter’s reported figure. The consensus estimate for adjusted earnings per share is pegged at $1.96, which suggests a rise of 28.1%.
What Our Model Says
Our proven model doesn’t conclusively predict an earnings beat for Generac this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Generac’s Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is -1.28% as the former is pegged at $1.93 and the latter at $1.96.
Zacks Rank: Generac currently carries a Zacks Rank #3.
Stocks to Consider
Here are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Forward Air Corporation (FWRD - Free Report) is scheduled to release fourth-quarter 2020 results on Feb 11. The company has an Earnings ESP of +1.37% and carries a Zacks Rank #2.
GoDaddy Inc. (GDDY - Free Report) has an Earnings ESP of +0.38% and a Zacks Rank of 2. The company is set to report fourth-quarter 2020 results on Feb 11.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.9% per year.
These 7 were selected because of their superior potential for immediate breakout.
Image: Bigstock
Generac (GNRC) to Report Q4 Earnings: What's in the Cards?
Generac Holdings Inc. (GNRC - Free Report) is scheduled to report fourth-quarter 2020 results on Feb 11, before the opening bell. In the last reported quarter, the company delivered a positive earnings surprise of 18.9%. It pulled off a trailing four-quarter earnings surprise of 24.9%, on average.
The Waukesha, WI-based company is expected to have recorded higher revenues year over year. The performance is likely to have been primarily driven by growth in sales of home standby and portable generators. It continues to benefit from unprecedented residential product demand, led by the ‘Home as a Sanctuary’ trend as people are spending more time at home.
During the quarter under review, Generac acquired Denver, CO-based Enbala Power Networks Inc. — a leading distributed energy resources technology company. The buyout has advanced the company’s capabilities into the rapidly growing virtual power plant and smart grid services markets.
For the December quarter, the Zacks Consensus Estimate for revenues is pegged at $726 million, indicating growth of 22.8% from the year-ago quarter’s reported figure. The consensus estimate for adjusted earnings per share is pegged at $1.96, which suggests a rise of 28.1%.
What Our Model Says
Our proven model doesn’t conclusively predict an earnings beat for Generac this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Generac’s Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is -1.28% as the former is pegged at $1.93 and the latter at $1.96.
Generac Holdings Inc. Price and EPS Surprise
Generac Holdings Inc. price-eps-surprise | Generac Holdings Inc. Quote
Zacks Rank: Generac currently carries a Zacks Rank #3.
Stocks to Consider
Here are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:
YETI Holdings, Inc. (YETI - Free Report) is slated to release fourth-quarter 2020 results on Feb 11. It has an Earnings ESP of +6.91% and carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Forward Air Corporation (FWRD - Free Report) is scheduled to release fourth-quarter 2020 results on Feb 11. The company has an Earnings ESP of +1.37% and carries a Zacks Rank #2.
GoDaddy Inc. (GDDY - Free Report) has an Earnings ESP of +0.38% and a Zacks Rank of 2. The company is set to report fourth-quarter 2020 results on Feb 11.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.9% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>