Milacron Holdings Corp. MCRN manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in North America, Europe, Asia, and internationally.
Milacron’s revenue growth will be driven by underlying market growth in key segments, geographic expansion of certain product lines, continued penetration of hot runners, and incremental share gain from new products. The company’s breakthrough Klear Can technology will be a game changer given its edge over traditional metal clans. Milacron’s cost-reduction initiatives will aid margins. However, pricing pressure in the Advanced Plastic Processing Technologies segment and impact of unfavorable foreign currency remain concerns.
We have highlighted some of the key stats from this just revealed announcement below:
Estimate Trend & Surprise History: Investors should note that the earnings estimate revisions for Milacron Holdings depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last 30 days and currently stands at 38 cents for the third quarter.
In the past four quarters, the company managed to beat the Zacks Consensus Estimate on 3 occasions. The company has an average positive surprise of 5.14%.
MILACRON HLDGS Price and EPS Surprise
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
Be the first to comment