Snap-on Incorporated (SNA Quick QuoteSNA - Free Report) , a global provider of professional tools, equipment, and related solutions, released second-quarter 2018 results. The company posted adjusted earnings of $3.11 per share which outpaced the Zacks Consensus Estimate of $2.95 and grew 19.6% from the year-ago quarter.

Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has witnessed a downtrend in the last 30 days. However, if we look at Snap-on’s performance in the trailing four quarters (excluding the quarter under review), the company’s earnings have outperformed the Zacks Consensus Estimate by an average of 1.5%.

Revenues: Snap-on generated net sales of $954.6 million, which grew 3.6% year over year but fall shy of the Zacks Consensus Estimate of $956.3 million. Further, organic sales inched up 1.3% in the quarter.

Zacks Rank: Snap-on carries a Zacks Rank #4 (Sell), which is subject to change based on the just released earnings.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on Snap-on’s earnings report!

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>