Company Overview - Mettler-Toledo (MTD) is expected to report quarterly earnings of $10 per share, reflecting a year-over-year increase of +2% [3] - Revenues are anticipated to be $941.93 million, which is a slight decrease of 0.1% from the previous year [3] Earnings Expectations - Wall Street anticipates a year-over-year increase in earnings despite lower revenues, indicating a focus on earnings performance over revenue growth [1] - The upcoming earnings report is scheduled for November 7, and stock movement may depend on whether actual results exceed or fall short of expectations [2] Estimate Revisions and Predictions - The consensus EPS estimate has remained unchanged over the last 30 days, suggesting stability in analyst expectations [4] - Mettler-Toledo has an Earnings ESP of -0.60%, indicating a bearish outlook from analysts regarding the company's earnings prospects [10] - The stock currently holds a Zacks Rank of 3, complicating predictions of an earnings beat [11] Historical Performance - In the last reported quarter, Mettler-Toledo exceeded the expected earnings of $9 per share by delivering $9.65, resulting in a surprise of +7.22% [12] - Over the past four quarters, the company has beaten consensus EPS estimates three times [13] Industry Context - Another player in the scientific instruments industry, Bruker (BRKR), is expected to report earnings of $0.61 per share, reflecting a year-over-year decline of -17.6% [17] - Bruker's revenues are projected to be $865.34 million, which is an increase of 16.5% from the previous year [17] - Bruker has an Earnings ESP of -1.33% and a Zacks Rank of 4, indicating challenges in predicting an earnings beat [18]

Core Insights - The U.S. snow blower market was valued at USD 591.82 million in 2023 and is projected to reach USD 969.47 million by 2029, with a compound annual growth rate (CAGR) of 8.57% [1][17]. Market Overview - The U.S. snow blower market is highly concentrated, with major players like Ariens, Husqvarna, STIGA, and Toro holding significant market shares [2]. - The competition is expected to intensify as companies focus on developing advanced and cost-effective technologies [2]. Consumer Trends - There is a growing demand for energy-efficient and sustainable snow blowers due to increasing environmental concerns and consumer preferences for lower carbon energy sources [3][6]. - Consumers are shifting towards electric and battery-powered models to reduce emissions and noise pollution associated with traditional gas-powered snow blowers [6][7]. Product Segmentation - The market is segmented by stage, with two-stage snow blowers dominating, accounting for over 57% of revenue in 2023 [10]. - In terms of clearing width, models with a width greater than 25 inches hold the largest market share, while walk-behind snow blowers dominate the product segment with over 65% market share [11][12]. - The fuel segmentation shows gas-powered snow blowers still leading, but there is a rising demand for battery-operated models due to advancements in lithium-ion technology [12]. End-User Insights - The residential segment holds the largest market share, driven by increased demand from homeowners in suburban and rural areas [14]. Distribution Channels - Offline distribution channels account for the largest share of the market, as consumers prefer to see and test products before purchasing [15]. Competitive Landscape - Key players in the market include Husqvarna, Ariens, MTD Products, and Toro, with other notable vendors like Briggs & Stratton and Honda also contributing to the competitive landscape [16].

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Core Insights - Mettler-Toledo reported revenue of $946.75 million for the quarter ended June 2024, a decrease of 3.6% year-over-year, with EPS at $9.65 compared to $10.19 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate by 2.48%, while the EPS surpassed the consensus estimate by 7.22% [1] Revenue Breakdown - Net sales from Products were $712.26 million, slightly below the estimated $714.03 million, reflecting a year-over-year decline of 6.2% [3] - Net sales from Service amounted to $234.49 million, exceeding the estimated $210.25 million, marking a year-over-year increase of 5.1% [4] - Net sales from Retail were $49.26 million, significantly lower than the estimated $55.97 million, showing a year-over-year decrease of 12.7% [5] - Net sales from Industrial reached $374.26 million, surpassing the estimated $357.06 million, with a year-over-year decline of 6.2% [6] - Net sales from Laboratory were $523.23 million, slightly above the average estimate of $511.20 million, representing a year-over-year change of -0.7% [7] Stock Performance - Mettler-Toledo's shares have returned +11.9% over the past month, contrasting with a -0.4% change in the Zacks S&P 500 composite [7] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [7]

Mettler-Toledo International Inc. (NYSE:MTD) Q2 2024 Earnings Conference Call August 2, 2024 7:30 AM ET Company Participants Adam Uhlman - Head of Investor Relations Patrick Kaltenbach - Chief Executive Officer Shawn Vadala - Chief Financial Officer. Conference Call Participants Dan Arias - Stifel Rachel Vatnsdal - JPMorgan Vijay Kumar - Evercore Jack Meehan - Nephron Matt Sykes - Goldman Sachs Dan Leonard - UBS Michael Ryskin - Bank of America Patrick Donnelly - Citi Catherine Schulte - Baird Tycho Peterso ...

Mettler-Toledo (MTD) came out with quarterly earnings of $9.65 per share, beating the Zacks Consensus Estimate of $9 per share. This compares to earnings of $10.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.22%. A quarter ago, it was expected that this maker of precision instruments would post earnings of $7.61 per share when it actually produced earnings of $8.89, delivering a surprise of 16.82%. Over the last four qu ...

Mettler-Toledo International, Inc. (MTD) is scheduled to report its second-quarter 2024 results on Aug 1. For the second quarter, MTD expects sales to decline 4% in local currency from the year-ago quarter's reported figure. The Zacks Consensus Estimate for the same is pegged at $923.89 million, indicating a fall of 5.9% from the year-ago period's reported figure. Adjusted second-quarter earnings are anticipated to be $8.90-$9.05 per share, implying an 11-13% fall from the year-ago quarter's reported number ...

Core Viewpoint - Analysts have maintained their consensus EPS estimate for Mettler-Toledo, indicating a collective reevaluation of initial estimates over the past 30 days [1] Financial Metrics Summary - Analysts forecast 'Net sales- Retail' to reach $55.97 million, reflecting a year-over-year decline of 0.8% [3] - Mettler-Toledo is predicted to report quarterly earnings of $9 per share, an 11.7% decrease compared to the same period last year, with revenues expected to be $923.89 million, down 5.9% year-over-year [4] - 'Net sales- Service (Point in Time+Over Time)' is estimated at $210.25 million, indicating a 5.8% decline from the previous year [6] - 'Net sales- Laboratory' is projected to reach $511.20 million, reflecting a year-over-year decrease of 2.9% [7] - 'Net sales- Products' is expected to be $714.03 million, showing a 5.9% decline year-over-year [9] - 'Net sales- Industrial' is estimated at $357.06 million, indicating a 10.5% decrease from the prior-year quarter [10] Market Performance - Over the past month, Mettler-Toledo shares have returned +6.2%, outperforming the Zacks S&P 500 composite's +0.1% change, with a current Zacks Rank of 3 (Hold) suggesting alignment with overall market performance in the near future [11]

Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The res ...

Have you assessed how the international operations of Mettler-Toledo (MTD) performed in the quarter ended March 2024? For this maker of precision instruments, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects. In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors no ...