Advertisement
New Zealand markets close in 4 hours 42 minutes

  • NZX 50

    11,807.36
    -28.68 (-0.24%)
     

  • NZD/USD

    0.5899
    -0.0007 (-0.12%)
     

  • NZD/EUR

    0.5542
    -0.0003 (-0.05%)
     

  • ALL ORDS

    7,898.90
    +37.90 (+0.48%)
     

  • ASX 200

    7,642.10
    +36.50 (+0.48%)
     

  • OIL

    82.62
    -0.11 (-0.13%)
     

  • GOLD

    2,391.50
    -6.50 (-0.27%)
     

  • NASDAQ

    17,394.31
    -99.31 (-0.57%)
     

  • FTSE

    7,877.05
    +29.06 (+0.37%)
     

  • Dow Jones

    37,775.38
    +22.07 (+0.06%)
     

  • DAX

    17,837.40
    +67.38 (+0.38%)
     

  • Hang Seng

    16,385.87
    +134.03 (+0.82%)
     

  • NIKKEI 225

    38,079.70
    0.00 (0.00%)
     

  • NZD/JPY

    91.1590
    -0.0950 (-0.10%)
     

Barnes Group (B) Beats on Q1 Earnings & Revenues

Zacks Equity Research
Updated

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.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


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
 
Barnes Group, Inc. (B) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research