Barnes Group (B) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Barnes Group reported revenue of $387.79 million for Q3 2024, a year-over-year increase of 7.4% [1] - The EPS for the quarter was $0.09, down from $0.19 a year ago, indicating a significant decline [1] - Revenue exceeded the Zacks Consensus Estimate of $372.66 million by 4.06%, while EPS fell short of the consensus estimate of $0.39 by 76.92% [1] Financial Performance Metrics - Net Sales in the Industrial segment were $155.86 million, below the estimated $157.87 million, reflecting a year-over-year decrease of 23.9% [2] - Net Sales in the Aerospace segment reached $231.93 million, surpassing the average estimate of $214.86 million, marking a year-over-year increase of 48.6% [2] - Non-GAAP Operating Profit for the Industrial segment was $11.55 million, lower than the estimated $16.47 million [2] - Non-GAAP Operating Profit for the Aerospace segment was $36.32 million, slightly above the average estimate of $34.97 million [2] Stock Performance - Shares of Barnes Group have increased by 18.2% over the past month, outperforming the Zacks S&P 500 composite, which rose by 1.4% [2] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [2]