Snap-on Tools' sequential sales growth has the market optimistic that the company's growth could turn around. Shares of leading tools, equipment, diagnostics, and repair information systems manufacturer Snap-on (SNA 9.36%) were up 9% as of 2:15 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence, after the company released its financial results for the third quarter. While Snap-on's sales dip of 1% met analysts' expectations, its earnings-per-share (EPS) growth of 4% and EPS of $4 ...

Snap-on Inc. (SNA) reported third-quarter 2024 results, wherein the bottom line beat the Zacks Consensus Estimate while the top line missed. While revenues declined year over year, earnings increased from the yearago period. This Zacks Rank #3 (Hold) company's shares have gained 23.5% in the past six months compared with the industry's 10.4% growth. SNA's Quarterly Performance: Key Metrics and Insights Snap-on's earnings of $4.70 per share beat the Zacks Consensus Estimate of $4.58. The figure improved from ...

Snap-On (SNA) reported $1.15 billion in revenue for the quarter ended September 2024, representing a yearover-year decline of 1.1%. EPS of $4.70 for the same period compares to $4.51 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.16 billion, representing a surprise of -0.74%. The company delivered an EPS surprise of +2.62%, with the consensus EPS estimate being $4.58. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Snap-On (SNA) came out with quarterly earnings of $4.70 per share, beating the Zacks Consensus Estimate of $4.58 per share. This compares to earnings of $4.51 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 2.62%. A quarter ago, it was expected that this tool and diagnostic equipment maker would post earnings of $4.94 per share when it actually produced earnings of $4.91, delivering a surprise of -0.61%. Over the last four qua ...

Snap-on Incorporated (SNA) is likely to register bottom-line growth when it reports third-quarter 2024 earnings on Oct. 17, before the opening bell. The Zacks Consensus Estimate for revenues is $1.2 billion, which indicates a drop of 0.3% from the year-ago quarter's level. The consensus estimate for quarterly earnings has been stable over the past 30 days at $4.58 per share and indicates an increase of 1.6% from the year-earlier quarter's tally. The company has an average trailing four-quarter earnings surp ...

The upcoming report from Snap-On (SNA) is expected to reveal quarterly earnings of $4.58 per share, indicating an increase of 1.6% compared to the year-ago period. Analysts forecast revenues of $1.16 billion, representing a decrease of 0.3% year over year. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Before a company re ...

Snap-on Incorporated (SNA) has been progressing well in its strategic efforts. The company has been enhancing the franchise network, improving relationships with repair shop owners and managers, and expanding into critical industries in emerging markets. Management's emphasis on the Rapid Continuous Improvement (RCI) process has been on track. SNA's Growth Efforts on Track The RCI process is aimed at enhancing organizational effectiveness, reducing costs and boosting sales and margins. Savings from this ini ...

Have you looked into how Snap-On (SNA) performed internationally during the quarter ending June 2024? Considering the widespread global presence of this tool and diagnostic equipment maker, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth. Being present in foreign markets serves as protection against local economic declines and helps benefit from more rapidly expanding economies. Yet, such expansion also introduces challenges related ...

The gross profit of $597.3 million decreased 1.1% year over year, while the gross margin contracted 10 basis points (bps) to 50.6%. The company's operating earnings before financial services totaled $280.3 million, up 1.2% year over year. As a percentage of sales, operating earnings before financial services expanded 50 bps to 23.8% in the quarter. Financial Services operating earnings were $70.2 million in the quarter, up 4.9% year over year. Consolidated operating earnings (including financial services) w ...

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