Core Viewpoint - AMETEK, Inc. is expected to report second-quarter 2024 results on August 1, with anticipated sales growth in the mid to high-single digits and adjusted earnings growth of 4-5% from the previous year [1][2]. Group 1: Financial Expectations - The Zacks Consensus Estimate for AMETEK's sales is $1.77 billion, indicating a 7.8% increase from the year-ago quarter [1]. - Adjusted earnings are expected to be between $1.63 and $1.65 per share, with a consensus estimate of $1.64 per share, reflecting a growth of 4.5% from the prior-year quarter [1][2]. Group 2: Segment Performance - The Electromechanical Group (EMG) segment is projected to show strong performance, with sales estimated at $603.96 million, representing an 18.1% growth year-over-year [2]. - The Electronic Instruments Group (EIG) segment is also expected to perform well, with sales estimated at $1.17 billion, indicating a 3.2% growth from the previous year [2]. Group 3: Market Dynamics - Increasing demand in high-growth markets such as medical technology, clean energy, and electrification is anticipated to positively impact AMETEK's performance [3]. - The company's execution of core growth strategies, including operational excellence and global market expansion, is expected to contribute to its second-quarter results [3]. Group 4: Challenges - High goodwill from aggressive acquisition strategies and rising geopolitical tensions are expected to pose challenges for AMETEK [3]. - Macroeconomic uncertainties and unfavorable foreign exchange fluctuations are also anticipated concerns [3]. Group 5: Earnings Prediction Model - According to the Zacks model, AMETEK currently has an Earnings ESP of -0.61% and a Zacks Rank of 3, indicating lower odds of an earnings beat [4].
AMETEK (AME) to Report Q2 Earnings: What's in the Offing?