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AMETEK Inc. (AME - Free Report) is a leading worldwide manufacturer of electronic appliances and electromechanical devices. AMETEK sells its products globally through two major operating groups, the Electronic Instruments Group (“EIG”) and the Electromechanical Group (“EMG”).
AMETEK continues to see solid growth across its Ultra Precision Technologies business. This, in combination with a strong portfolio of differentiated businesses, is expected to help the company post better results in the upcoming quarter.
Due to this, investors are eagerly awaiting AMETEK’s earnings report in order to set the record straight and to give some guidance on where this company is heading and are these factors effectively contributing.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings:AME reported earnings of 60 cents per share which surpassed the Zacks Consensus Estimate of 57 cents per share.
Revenue:AMETEK beats on revenues. It posted revenues of $1 billion, compared to our consensus estimate of $956 million.
Key Stats:The company’s top-line performance improved on robust organic growth and contributions from acquisitions completed recently.
Check back later for our full write up on this AME earnings report later!
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
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Ametek (AME) Beats on Earnings and Revenues in Q1
AMETEK Inc. (AME - Free Report) is a leading worldwide manufacturer of electronic appliances and electromechanical devices. AMETEK sells its products globally through two major operating groups, the Electronic Instruments Group (“EIG”) and the Electromechanical Group (“EMG”).
AMETEK continues to see solid growth across its Ultra Precision Technologies business. This, in combination with a strong portfolio of differentiated businesses, is expected to help the company post better results in the upcoming quarter.
Due to this, investors are eagerly awaiting AMETEK’s earnings report in order to set the record straight and to give some guidance on where this company is heading and are these factors effectively contributing.
AMTEK, Inc. Price and EPS Surprise
AMTEK, Inc. Price and EPS Surprise | AMTEK, Inc. Quote
For the current year, AMETEK witnessed two positive estimate revisions in the last 30 days and no negative revisions.
Currently, AME has a Zacks Rank #2 (Buy), but that could definitely change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings:AME reported earnings of 60 cents per share which surpassed the Zacks Consensus Estimate of 57 cents per share.
Revenue:AMETEK beats on revenues. It posted revenues of $1 billion, compared to our consensus estimate of $956 million.
Key Stats:The company’s top-line performance improved on robust organic growth and contributions from acquisitions completed recently.
Check back later for our full write up on this AME earnings report later!
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks ""Strong Sells"" absolutely free >>.