Tennant (TNC) Tops Q3 Earnings Estimates

Company Performance - Tennant (TNC) reported quarterly earnings of $1.39 per share, exceeding the Zacks Consensus Estimate of $1.38 per share, and up from $1.34 per share a year ago [1] - The earnings surprise for this quarter was 0.72%, and the company has surpassed consensus EPS estimates in all four of the last quarters [2] - Revenues for the quarter ended September 2024 were $315.8 million, which missed the Zacks Consensus Estimate by 1.13%, but increased from $304.7 million year-over-year [3] Future Outlook - The immediate price movement of Tennant's stock will largely depend on management's commentary during the earnings call [4] - Current consensus EPS estimate for the upcoming quarter is $1.45 on revenues of $329.3 million, and for the current fiscal year, it is $6.48 on revenues of $1.29 billion [8] - The estimate revisions trend for Tennant is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [7] Industry Context - The Manufacturing - General Industrial industry, to which Tennant belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [9] - Another company in the same industry, Chart Industries (GTLS), is expected to report earnings of $2.56 per share, reflecting a year-over-year increase of 100%, with revenues projected at $1.12 billion, up 25.3% from the previous year [10][11]