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Why Barnes Group (B) International Revenue Trends Deserve Your Attention
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Have you looked into how Barnes Group (B - Free Report) performed internationally during the quarter ending June 2024? Considering the widespread global presence of this aerospace and industrial parts supplier, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.
In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For investors, the key is to grasp how reliant a company is on overseas markets, as this provides insights into the durability of its earnings, its ability to exploit different economic cycles, and its overall growth capabilities.
Presence in international markets can act as a hedge against domestic economic downturns and provide access to faster-growing economies. However, this diversification also brings complexities due to currency fluctuations, geopolitical risks and differing market dynamics.
Our review of B's last quarterly performance uncovered some notable trends in the revenue contributions from its international markets, which are commonly analyzed and tracked by Wall Street experts.
The company's total revenue for the quarter amounted to $382.23 million, showing rise of 12.8%. We will now explore the breakdown of B's overseas revenue to assess the impact of its international operations.
A Dive into B's International Revenue Trends
Asia generated $56.94 million in revenues for the company in the last quarter, constituting 14.9% of the total. This represented a surprise of -2.6% compared to the $58.46 million projected by Wall Street analysts. Comparatively, in the previous quarter, Asia accounted for $59.7 million (13.9%), and in the year-ago quarter, it contributed $52.46 million (15.5%) to the total revenue.
Of the total revenue, $120.45 million came from Europe during the last fiscal quarter, accounting for 31.5%. This represented a surprise of +3.92% as analysts had expected the region to contribute $115.9 million to the total revenue. In comparison, the region contributed $121.53 million, or 28.2%, and $101.42 million, or 29.9%, to total revenue in the previous and year-ago quarters, respectively.
During the quarter, Rest of world contributed $3.42 million in revenue, making up 0.9% of the total revenue. When compared to the consensus estimate of $3.05 million, this meant a surprise of +12%. Looking back, Rest of world contributed $4.36 million, or 1%, in the previous quarter, and $4 million, or 1.2%, in the same quarter of the previous year.
Revenue Projections for Overseas Markets
Wall Street analysts expect Barnes Group to report $382.61 million in total revenue for the current fiscal quarter, indicating an increase of 6% from the year-ago quarter. Asia, Europe and Rest of world are expected to contribute 15.2% ($58.28 million), 30.4% ($116.32 million) and 0.7% ($2.66 million) to the total revenue, respectively.
For the full year, the company is projected to achieve a total revenue of $1.61 billion, which signifies a rise of 11.2% from the last year. The share of this revenue from various regions is expected to be: Asia at 14.7% ($236.62 million), Europe at 29.5% ($475.98 million) and Rest of world at 0.8% ($12.29 million).
Final Thoughts
Relying on global markets for revenues presents both prospects and challenges for Barnes Group. Therefore, scrutinizing its international revenue trends is key to effectively forecasting the company's future outlook.
In a world where international interdependencies and geopolitical conflicts are ever-increasing, Wall Street analysts closely monitor these trends for companies having international presence to adjust their earnings forecasts. Of course, there are several other factors, including a company's standing within its home borders, that influence analysts' earnings forecasts.
Here at Zacks, we put a great deal of emphasis on a company's changing earnings outlook, as empirical research has shown that's a powerful force driving a stock's near-term price performance. Quite naturally, the correlation is positive here -- an upward revision in earnings estimates drives the stock price higher.
The Zacks Rank, our proprietary stock rating mechanism, demonstrates a notable performance history confirmed through external audits. It effectively utilizes the power of earnings estimate revisions to act as a predictor of a stock's price performance in the near term.
The stock has witnessed a decline of 3.9% over the past month versus the Zacks S&P 500 composite's a decrease of 0.4%. In the same interval, the Zacks Industrial Products sector, to which Barnes Group belongs, has registered an increase of 4.6%. Over the past three months, the company's shares saw an increase of 1.8%, while the S&P 500 increased by 8.9%. In comparison, the sector experienced an increase of 1% during this timeframe.
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Why Barnes Group (B) International Revenue Trends Deserve Your Attention
Have you looked into how Barnes Group (B - Free Report) performed internationally during the quarter ending June 2024? Considering the widespread global presence of this aerospace and industrial parts supplier, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.
In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For investors, the key is to grasp how reliant a company is on overseas markets, as this provides insights into the durability of its earnings, its ability to exploit different economic cycles, and its overall growth capabilities.
Presence in international markets can act as a hedge against domestic economic downturns and provide access to faster-growing economies. However, this diversification also brings complexities due to currency fluctuations, geopolitical risks and differing market dynamics.
Our review of B's last quarterly performance uncovered some notable trends in the revenue contributions from its international markets, which are commonly analyzed and tracked by Wall Street experts.
The company's total revenue for the quarter amounted to $382.23 million, showing rise of 12.8%. We will now explore the breakdown of B's overseas revenue to assess the impact of its international operations.
A Dive into B's International Revenue Trends
Asia generated $56.94 million in revenues for the company in the last quarter, constituting 14.9% of the total. This represented a surprise of -2.6% compared to the $58.46 million projected by Wall Street analysts. Comparatively, in the previous quarter, Asia accounted for $59.7 million (13.9%), and in the year-ago quarter, it contributed $52.46 million (15.5%) to the total revenue.
Of the total revenue, $120.45 million came from Europe during the last fiscal quarter, accounting for 31.5%. This represented a surprise of +3.92% as analysts had expected the region to contribute $115.9 million to the total revenue. In comparison, the region contributed $121.53 million, or 28.2%, and $101.42 million, or 29.9%, to total revenue in the previous and year-ago quarters, respectively.
During the quarter, Rest of world contributed $3.42 million in revenue, making up 0.9% of the total revenue. When compared to the consensus estimate of $3.05 million, this meant a surprise of +12%. Looking back, Rest of world contributed $4.36 million, or 1%, in the previous quarter, and $4 million, or 1.2%, in the same quarter of the previous year.
Revenue Projections for Overseas Markets
Wall Street analysts expect Barnes Group to report $382.61 million in total revenue for the current fiscal quarter, indicating an increase of 6% from the year-ago quarter. Asia, Europe and Rest of world are expected to contribute 15.2% ($58.28 million), 30.4% ($116.32 million) and 0.7% ($2.66 million) to the total revenue, respectively.For the full year, the company is projected to achieve a total revenue of $1.61 billion, which signifies a rise of 11.2% from the last year. The share of this revenue from various regions is expected to be: Asia at 14.7% ($236.62 million), Europe at 29.5% ($475.98 million) and Rest of world at 0.8% ($12.29 million).
Final Thoughts
Relying on global markets for revenues presents both prospects and challenges for Barnes Group. Therefore, scrutinizing its international revenue trends is key to effectively forecasting the company's future outlook.In a world where international interdependencies and geopolitical conflicts are ever-increasing, Wall Street analysts closely monitor these trends for companies having international presence to adjust their earnings forecasts. Of course, there are several other factors, including a company's standing within its home borders, that influence analysts' earnings forecasts.
Here at Zacks, we put a great deal of emphasis on a company's changing earnings outlook, as empirical research has shown that's a powerful force driving a stock's near-term price performance. Quite naturally, the correlation is positive here -- an upward revision in earnings estimates drives the stock price higher.
The Zacks Rank, our proprietary stock rating mechanism, demonstrates a notable performance history confirmed through external audits. It effectively utilizes the power of earnings estimate revisions to act as a predictor of a stock's price performance in the near term.
At the moment, Barnes Group has a Zacks Rank #3 (Hold), signifying that its performance may align with the overall market trend in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Barnes Group's Recent Stock Market Performance
The stock has witnessed a decline of 3.9% over the past month versus the Zacks S&P 500 composite's a decrease of 0.4%. In the same interval, the Zacks Industrial Products sector, to which Barnes Group belongs, has registered an increase of 4.6%. Over the past three months, the company's shares saw an increase of 1.8%, while the S&P 500 increased by 8.9%. In comparison, the sector experienced an increase of 1% during this timeframe.