Enpro (NPO) Lags Q3 Earnings and Revenue Estimates

Company Performance - Enpro (NPO) reported quarterly earnings of $1.74 per share, missing the Zacks Consensus Estimate of $1.93 per share, but showing an increase from $1.58 per share a year ago, resulting in an earnings surprise of -9.84% [1] - The company posted revenues of $260.9 million for the quarter ended September 2024, which was 1.14% below the Zacks Consensus Estimate and an increase from $250.7 million year-over-year [2] - Over the last four quarters, Enpro has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Market Context - Enpro shares have declined approximately 6.4% since the beginning of the year, contrasting with the S&P 500's gain of 19.8% [3] - The current consensus EPS estimate for the upcoming quarter is $1.82 on revenues of $265.9 million, and for the current fiscal year, it is $7.40 on revenues of $1.06 billion [7] - The Zacks Industry Rank indicates that the Technology Services sector is in the top 32% of over 250 Zacks industries, suggesting a favorable environment for stocks in this category [8] Future Outlook - The sustainability of Enpro's stock price movement will largely depend on management's commentary during the earnings call and the revisions of earnings estimates in the near future [3][4] - The estimate revisions trend for Enpro is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating that the shares are expected to perform in line with the market [6]