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Timken (TKR) Reports Q2 Earnings: What Key Metrics Have to Say
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Timken (TKR - Free Report) reported $1.18 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 7.1%. EPS of $1.63 for the same period compares to $2.01 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.18 billion, representing a surprise of +0.22%. The company delivered an EPS surprise of +1.87%, with the consensus EPS estimate being $1.60.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Timken performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Industrial Motion
: $398.90 million compared to the $412.97 million average estimate based on four analysts. The reported number represents a change of -3.9% year over year.
Net Sales- Engineered Bearings
: $783.40 million compared to the $763.64 million average estimate based on four analysts. The reported number represents a change of -8.6% year over year.
Adjusted EBITDA- Engineered Bearings
: $166.20 million versus $161.40 million estimated by three analysts on average.
Adjusted EBITDA- Industrial Motion
: $79.70 million compared to the $77.19 million average estimate based on three analysts.
EBITDA- Engineered Bearings
: $163.30 million versus $165.34 million estimated by two analysts on average.
EBITDA- Industrial Motion
: $75.60 million compared to the $75.61 million average estimate based on two analysts.
Shares of Timken have returned +7.6% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Timken (TKR) Reports Q2 Earnings: What Key Metrics Have to Say
Timken (TKR - Free Report) reported $1.18 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 7.1%. EPS of $1.63 for the same period compares to $2.01 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.18 billion, representing a surprise of +0.22%. The company delivered an EPS surprise of +1.87%, with the consensus EPS estimate being $1.60.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Timken performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Timken here>>>Net Sales- Industrial Motion
: $398.90 million compared to the $412.97 million average estimate based on four analysts. The reported number represents a change of -3.9% year over year.Net Sales- Engineered Bearings
: $783.40 million compared to the $763.64 million average estimate based on four analysts. The reported number represents a change of -8.6% year over year.Adjusted EBITDA- Engineered Bearings
: $166.20 million versus $161.40 million estimated by three analysts on average.Adjusted EBITDA- Industrial Motion
: $79.70 million compared to the $77.19 million average estimate based on three analysts.EBITDA- Engineered Bearings
: $163.30 million versus $165.34 million estimated by two analysts on average.EBITDA- Industrial Motion
: $75.60 million compared to the $75.61 million average estimate based on two analysts.Shares of Timken have returned +7.6% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.