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Machinery Stocks to Watch for Earnings: LXFR, SNHY, CUI, RBC

With the Q1 earnings season in full swing, investors are looking forward to the earnings announcement of popular stocks. With most of the estimates moving down over the last three months, the initial outlook for Q1 was bearish.  

Factors like continuing volatility in energy price, slowdown in booming economies and Fed rate-related debates keep us on the sidelines. However, it is still early to decide the overall trend.

What’s in Store for these Machinery Stocks in Q1?

The performance of machinery stocks is particularly in focus this earnings season as these companies are directly influenced by the energy and mining markets, which have been persistently weak for quite sometime now. Let’s take a look at how these four machinery stocks might fare in Q1 (January-March quarter):

Luxfer Holdings PLC LXFR is slated to report Q1 results on May 9, after the market closes. In the last four quarters, the company reported a negative average earnings surprise of 0.58%. Our proven model does not conclusively show that Luxfer Holdings is likely to beat earnings this quarter. This is because the company’s Earnings ESP (the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate) is 0.00%. Though Luxfer sports a Zacks Rank #1 (Strong Buy) a 0.00% ESP complicates our surprise prediction. Over the last 60 days, the Zacks Consensus Estimate for the stock has risen by 6.4% to $1.17 per share for 2016. The Zacks Consensus Estimate for the stock is currently pegged at 27 cents per share for the to-be-reported quarter.



Sun Hydraulics Corp. SNHY will report its Q1 results on May 9, after the market closes. In the last four quarters the company reported negative average earnings surprise of 0.59%. Our proven model does not conclusively show that Sun Hydraulics likely to beat earnings this session. This is because it currently carries a Zacks Rank #3 (Hold) and a 0.00% Earnings ESP. Despite the company’s favorable Zacks Rank our surprise prediction is complicated by its 0.00% ESP. The Zacks Consensus Estimate for the stock is currently pegged at 32 cents per share for the current year.



CUI Global, Inc. CUI will report its Q1 results on May 9, after the market closes. In the last four quarters the company reported negative average earnings surprise of 60.42%. Over the last 60 days, the Zacks Consensus Estimate for the stock has fallen by 29.2% to 17 cents for 2016. CUI Global also currently carries a Zacks Rank #3 and a 0.00% Earnings ESP, which makes earnings beat uncertain. The Zacks Consensus Estimate for the stock is currently pegged at a loss of 5 cents per share for Q1.



Regal Beloit Corporation RBC is slated to report Q1 results on May 10, before the opening bell. In the last four quarters the company reported positive average earnings of 2.65%. Over the last 60 days, the Zacks Consensus Estimate for the stock has fallen by 0.2% to $4.97 per share for 2016. Our proven model shows that Regal Beloit Corporation is likely beat earnings this session because it holds a Zacks Rank #2 (Buy) and a +0.92% Earnings ESP. The Zacks Consensus Estimate for the stock is currently pegged at $1.09 per share for Q1.



Don’t miss out on our full earnings release articles for these machinery stocks, as the actual results might seize some surprises!

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
CUI GLOBAL INC (CUI): Free Stock Analysis Report
 
REGAL BELOIT (RBC): Free Stock Analysis Report
 
SUN HYDRAULICS (SNHY): Free Stock Analysis Report
 
LUXFER HOLDINGS (LXFR): Free Stock Analysis Report
 
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