Airgas, Inc. (ARG) distributes industrial, medical and specialty gases as well as hardgoods in the U.S. The company also markets its products and services through e-Business, catalog and telesales channels.
Airgas will benefit from development in sales channels through its new e-Business platform. The company remains positive about economic expansion in the U.S., particularly of non-residential construction and manufacturing.
Let’s have a quick look at the third quarter earnings release of the company.
Estimate Trend & Surprise History
You should note that the earnings estimate revisions for Airgas depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last 7 days and currently stands at $1.23 for the current quarter.
Airgas has a mixed earnings surprise history. Overall, the company posted a negative average earnings surprise of 0.85% in the last four trailing quarters.
Earnings
Airgas delivered earnings of $1.23 per share in the third quarter of fiscal 2015. Earnings came in line with the Zacks Consensus Estimate.
Revenue
Airgas beats on revenues in third quarter. Airgas posted revenues of $1.33 billion, surpassing the Zacks Consensus Estimate for revenues of 1.32 billion.
Key Stats
Airgas guided fourth quarter fiscal 2015 earnings per share in the range of $1.25 to $1.30, representing 7% to 11% growth over prior year earnings. For the full fiscal year 2015, the company expects earnings per share in the range of $4.95 to $5.00, representing an increase of 6% to 7% over prior year earnings.
Zacks Rank
Currently, Airgas has a Zacks Rank #3 (Hold), but that could change following Airgas’ earnings report which was just released.
Market Reaction
Airgas’ shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Airgas’ earnings report later!
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