Earnings To Watch: Timken (TKR) Reports Q4 Results Tomorrow

StockStory
02-04
Earnings To Watch: Timken (TKR) Reports Q4 Results Tomorrow

Industrial component provider Timken (NYSE:TKR) will be reporting results tomorrow before market hours. Here’s what you need to know.

Timken beat analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $1.13 billion, down 1.4% year on year. It was a softer quarter for the company, with full-year EPS guidance missing analysts’ expectations.

Is Timken a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Timken’s revenue to decline 2.3% year on year to $1.07 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.99 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Timken has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Timken’s peers in the industrial machinery segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Applied Industrial posted flat year-on-year revenue, meeting analysts’ expectations, and RBC Bearings reported revenues up 5.5%, in line with consensus estimates. Applied Industrial traded up 4.9% following the results while RBC Bearings was also up 13.9%.

Read our full analysis of Applied Industrial’s results here and RBC Bearings’s results here.

Investors in the industrial machinery segment have had steady hands going into earnings, with share prices flat over the last month. Timken is up 5.8% during the same time and is heading into earnings with an average analyst price target of $87.91 (compared to the current share price of $77.24).

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免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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