Barnes Group Inc. B is a manufacturer of precision metal parts as well as distributes industrial supplies worldwide. End-markets served include aerospace, transportation, industrial equipment, consumer products, packaging, electronics, medical devices, energy, medical/pharmaceutical, and personal care/health care industries. It currently has a $3.2 billion market capitalization.
However, this machinery company faces risks from regulatory issues in the aerospace business, unfavorable foreign currency movements and uncertain global economic conditions. Investors are eagerly waiting for the company’s latest earnings report.
The company delivered better-than-expected results in three of the last four quarters, while lagging estimate in one. Average earnings surprise was a positive 8.95%.
Barnes Group, Inc. Price and EPS Surprise
Barnes Group, Inc. Price and EPS Surprise | Barnes Group, Inc. Quote
Currently, Barnes Group carries a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Barnes Group’ adjusted earnings came in at 72 cents per share in first-quarter of 2018. The bottom line result surpassed the Zacks Consensus Estimate of 67 cents per share.
Revenue: Revenues surpassed. Barnes Group generated revenues of $367 million, above the Zacks Consensus Estimate of $364.4 million.
Key Stats to Note: For 2018, Barnes Group anticipates organic revenue growth to be within 3-4% range and favorable foreign currency movements to boost sales by 2%. Total revenue is predicted to grow 5-6%. Earnings are anticipated to be within $3.03-$3.15 per share range, reflecting year-over-year growth of 5-9%. Capital expenditures is expected to be roughly within $60-$65 million.
Stock Price: Barnes Group shares were down 0.3% ahead of the report.
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