Why Rockwell Automation Stock Rose after Its Fiscal 1Q17 Results
Rockwell Automation (ROK) announced its fiscal 1Q17 earnings results for the quarter ended December 31, 2016, before market hours on January 25, 2017. In this series, we’ll analyze the company’s fiscal 1Q17 results, compare the results with analyst expectations, and analyze the factors that caused deviation. We’ll also take a look at the management’s guidance, analyst expectations for 2017, and the outlook for the company.
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Rockwell Automation’s stock reaction
Rockwell Automation (ROK) posted strong earnings for the quarter ended December 31, 2016. The company’s adjusted EPS (earnings per share) came in at $1.75 against analysts’ consensus EPS estimate of $1.44.
Rockwell’s stock price rose nearly 8% during the intraday trading session on January 25, 2017. Rockwell Automation’s better-than-expected organic growth in 1Q17, an upward revision of its fiscal 2017 guidance, and expected stabilization in its Heavy Industry segment’s business helped the stock close on a high note.
Taking their cues from Rockwell Automation’s earnings, a majority of ROK’s peers closed on a positive note on January 25, 2017. On the day of ROK’s earnings release, its peers Emerson Electric (EMR) and AMETEK (AME) gained nearly 2%, respectively. Honeywell International (HON) closed nearly flat during the intraday trading session on January 25.
Now, let’s learn how ROK’s operating segments contributed to its top-line growth in fiscal 1Q17.