RECENT Earnings RESEARCH
Honeywell (HON) released its 3Q16 earnings on October 21. It provided a business update earlier in the month, but there were a few surprises in the release.
Diversified conglomerate (IYJ) United Technologies (UTX) is set to declare its 3Q16 earnings before the market opens on October 25, 2016.
3M (MMM), a diversified industrial (IYJ) conglomerate that makes everything from Scotch tape to high-grade security gear, is slated to release its 3Q16 earnings on October 25, 2016.
Danaher Corporation (DHR), which became a diversified healthcare company after its restructuring actions, is slated to declare its 3Q16 earnings on October 20. The consensus Wall Street estimate is for Danaher to post adjusted EPS of $0.83 on sales of ~$4.1 billion.
Industrial conglomerate General Electric (GE) will release its 3Q16 earnings on October 21, 2016. It is currently in a transformation phase, focusing on its core industrial business.
Acuity Brands declared its 4Q16 earnings before the market opened on October 5. The stock closed at $242.99 that day.
Lennox International (LII) is expected to declare its 3Q16 earnings on October 17, 2016. Analysts expect its 3Q16 adjusted EPS to rise 22.4% year-over-year to $2.22.
Wall Street analysts expect Idex’s fiscal 3Q16 adjusted earnings per share to rise 3.6% year-over-year to $0.92. Its sales are expected to rise 6.4% to $536.2 million.
Century-old diversified conglomerate Honeywell (HON) is scheduled to declare its earnings for 3Q16 on October 14. In the last eight quarters, Honeywell (HON) has managed to beat its earnings estimates seven times and its revenue estimates five times.
Acuity Brands (AYI), a manufacturer and distributor of indoor and outdoor lighting solutions, is scheduled to release its fiscal 4Q16 earnings on October 5, 2016.
Deere & Company reported adjusted earnings per share (or EPS) of $1.55, which crushed consensus Wall Street estimates by 61 cents.
Joy Global’s estimate for fiscal 3Q16 revenue is ~$605.6 million, which is 23.5% below its fiscal 3Q15 revenue of $792.0 million.
Parker-Hannifin (PH), a leading manufacturer of motion and control technologies, declared its 4Q16 earnings on August 3, 2016.
Emerson Electric (EMR) released its fiscal 3Q16 earnings after the Market opened on August 2, 2016. It resulted in a negative price action of 4.9%.
Flowserve announced its 2Q16 results after market hours on July 28, 2016. Lower-than-expected 2Q16 earnings sent its shares down to $47.18 in early trading.
Ingersoll Rand’s better-than-expected 2Q16 earnings sent its shares to a high of $66.38. The stock closed at $65.62, or 1.9% higher than the previous day.
United Technologies (UTX), a diversified industrial (RGI) conglomerate, released its earnings report for 2Q16 on July 26, 2016.
Caterpillar (CAT), the world’s largest manufacturer of construction and mining equipment, released its 2Q16 earnings before the Market opened on July 26. Caterpillar’s earnings release resulted in positive price action of ~5.2%, and the stock closed at $82.75 on July 26.
Roper Technologies (ROP) announced its 2Q16 results on July 25, 2016, before Market hours. The company missed its earnings forecasts for 2Q16, sending ROP shares downward.
On July 26, 2016, 3M (MMM) released its 2Q16 earnings before the Markets opened. The earnings release resulted in a negative price action of 1.1%, and 3M stock closed at $177.66.