Nordson (NDSN) Q3 Earnings and Revenues Top Estimates

Core Viewpoint - Nordson (NDSN) reported quarterly earnings of $2.41 per share, exceeding the Zacks Consensus Estimate of $2.33 per share, and showing an increase from $2.35 per share a year ago, indicating a 3.43% earnings surprise [1] Financial Performance - The company achieved revenues of $661.6 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 0.97% and up from $648.68 million year-over-year [2] - Over the last four quarters, Nordson has exceeded consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance and Outlook - Nordson shares have declined approximately 9.4% since the beginning of the year, contrasting with the S&P 500's gain of 17.3% [3] - The company's earnings outlook is mixed, with a current Zacks Rank of 3 (Hold), suggesting expected performance in line with the market in the near future [6] Future Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $2.63 on revenues of $712.27 million, and for the current fiscal year, it is $9.52 on revenues of $2.65 billion [7] Industry Context - The Manufacturing - General Industrial industry, to which Nordson belongs, is currently ranked in the bottom 23% of over 250 Zacks industries, indicating potential challenges ahead [8]