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Ahead of Ametek (AME) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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Analysts on Wall Street project that Ametek (AME - Free Report) will announce quarterly earnings of $1.64 per share in its forthcoming report, representing an increase of 4.5% year over year. Revenues are projected to reach $1.77 billion, increasing 7.8% from the same quarter last year.
The current level reflects a downward revision of 0.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Ametek metrics that are commonly tracked and forecasted by Wall Street analysts.
The combined assessment of analysts suggests that 'Net Sales- Electronic Instruments' will likely reach $1.17 billion. The estimate points to a change of +3.2% from the year-ago quarter.
Analysts expect 'Net Sales- Electro mechanical' to come in at $603.96 million. The estimate suggests a change of +18.1% year over year.
It is projected by analysts that the 'Operating Income- Electronic Instruments' will reach $332.82 million. The estimate compares to the year-ago value of $307.05 million.
According to the collective judgment of analysts, 'Operating Income- Electromechanical' should come in at $136.62 million. Compared to the current estimate, the company reported $136.22 million in the same quarter of the previous year.
Shares of Ametek have demonstrated returns of +3.3% over the past month compared to the Zacks S&P 500 composite's -0.2% change. With a Zacks Rank #3 (Hold), AME is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Ahead of Ametek (AME) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Analysts on Wall Street project that Ametek (AME - Free Report) will announce quarterly earnings of $1.64 per share in its forthcoming report, representing an increase of 4.5% year over year. Revenues are projected to reach $1.77 billion, increasing 7.8% from the same quarter last year.
The current level reflects a downward revision of 0.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Ametek metrics that are commonly tracked and forecasted by Wall Street analysts.
The combined assessment of analysts suggests that 'Net Sales- Electronic Instruments' will likely reach $1.17 billion. The estimate points to a change of +3.2% from the year-ago quarter.
Analysts expect 'Net Sales- Electro mechanical' to come in at $603.96 million. The estimate suggests a change of +18.1% year over year.
It is projected by analysts that the 'Operating Income- Electronic Instruments' will reach $332.82 million. The estimate compares to the year-ago value of $307.05 million.
According to the collective judgment of analysts, 'Operating Income- Electromechanical' should come in at $136.62 million. Compared to the current estimate, the company reported $136.22 million in the same quarter of the previous year.
View all Key Company Metrics for Ametek here>>>
Shares of Ametek have demonstrated returns of +3.3% over the past month compared to the Zacks S&P 500 composite's -0.2% change. With a Zacks Rank #3 (Hold), AME is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>