Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in North America, Europe, Asia, and internationally.
Milacron’s revenue growth will be driven by underlying market growth in key segments, geographic expansion of certain product lines, continued penetration of hot runners, and incremental share gain from new products. The company’s breakthrough Klear Can technology will be a game changer given its edge over traditional metal clans. Milacron’s cost-reduction initiatives will aid margins. However, the sluggish macroeconomic conditions that have constrained Milacron’s growth during the first nine months of 2016 are expected to persist in the fourth quarter as well.
We have highlighted some of the key stats from this just revealed announcement below:
Estimate Trend & Surprise History: Investors should note that the earnings estimate revisions for Milacron Holdings were revised upward prior to the earnings release. The Zacks Consensus Estimate has gone up 6% over the last 30 days and currently stands at 35 cents for the fourth quarter.
Milacron Holdings Corp. Price and EPS Surprise
In the past four quarters, the company managed to beat the Zacks Consensus Estimate on 3 occasions. The company has an average positive surprise of 5.66%.
Earnings: Milacron Holdings beat on fourth quarter earnings estimates. Our consensus called for EPS of 35 cents, and the company reported adjusted EPS of 47 cents.
Revenue: Milacron Holdings posted revenues of $289 million which fell short of the Zacks Consensus Estimate for revenues of $293.6 million.
Key Developments to Note: Milacron Holdings expects organic sales growth to be between 0% and 2% and adjusted EBITDA in the range of $219 to $225 million in 2017.
Zacks Rank: Currently, Milacron Holdings has a Zacks Rank #2 (Buy). But that could change following Milacron Holdings’ earnings report which was just released.
Market Reaction: Milacron Holdings’ shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Milacron Holdings earnings report later!
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Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
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Milacron (MCRN) Q4 Earnings Beats Estimates, Revenues Lag
Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in North America, Europe, Asia, and internationally.
Milacron’s revenue growth will be driven by underlying market growth in key segments, geographic expansion of certain product lines, continued penetration of hot runners, and incremental share gain from new products. The company’s breakthrough Klear Can technology will be a game changer given its edge over traditional metal clans. Milacron’s cost-reduction initiatives will aid margins. However, the sluggish macroeconomic conditions that have constrained Milacron’s growth during the first nine months of 2016 are expected to persist in the fourth quarter as well.
We have highlighted some of the key stats from this just revealed announcement below:
Estimate Trend & Surprise History: Investors should note that the earnings estimate revisions for Milacron Holdings were revised upward prior to the earnings release. The Zacks Consensus Estimate has gone up 6% over the last 30 days and currently stands at 35 cents for the fourth quarter.
Milacron Holdings Corp. Price and EPS Surprise
Milacron Holdings Corp. Price and EPS Surprise | Milacron Holdings Corp. Quote
In the past four quarters, the company managed to beat the Zacks Consensus Estimate on 3 occasions. The company has an average positive surprise of 5.66%.
Earnings: Milacron Holdings beat on fourth quarter earnings estimates. Our consensus called for EPS of 35 cents, and the company reported adjusted EPS of 47 cents.
Revenue: Milacron Holdings posted revenues of $289 million which fell short of the Zacks Consensus Estimate for revenues of $293.6 million.
Key Developments to Note: Milacron Holdings expects organic sales growth to be between 0% and 2% and adjusted EBITDA in the range of $219 to $225 million in 2017.
Zacks Rank: Currently, Milacron Holdings has a Zacks Rank #2 (Buy). But that could change following Milacron Holdings’ earnings report which was just released.
Market Reaction: Milacron Holdings’ shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Milacron Holdings earnings report later!
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>