Nordson (NDSN) Q1 Earnings and Revenues Lag Estimates

Core Viewpoint - Nordson reported quarterly earnings of $2.06 per share, missing the Zacks Consensus Estimate of $2.08 per share, and down from $2.21 per share a year ago, indicating an earnings surprise of -0.96% [1] - The company posted revenues of $615.42 million for the quarter, missing the Zacks Consensus Estimate by 3.29%, and down from $633.19 million year-over-year [2] Financial Performance - Over the last four quarters, Nordson has surpassed consensus EPS estimates three times [2] - The company had a previous quarter earnings expectation of $2.59 per share but reported $2.78, delivering a surprise of 7.34% [1] - The current consensus EPS estimate for the upcoming quarter is $2.41 on revenues of $686 million, and for the current fiscal year, it is $10.20 on revenues of $2.8 billion [7] Market Position - Nordson shares have increased approximately 4.9% since the beginning of the year, outperforming the S&P 500's gain of 4.2% [3] - The Zacks Rank for Nordson is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The Manufacturing - General Industrial industry, to which Nordson belongs, is currently in the bottom 44% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Nordson's stock performance [5]