Ametek (AME) Q2 Earnings and Revenues Top Estimates

Company Performance - Ametek reported quarterly earnings of $1.78 per share, exceeding the Zacks Consensus Estimate of $1.68 per share, and up from $1.66 per share a year ago [1] - The earnings surprise for the quarter was +5.95%, following a previous surprise of +3.55% with earnings of $1.75 per share against an expectation of $1.69 [2] - The company achieved revenues of $1.78 billion for the quarter, surpassing the Zacks Consensus Estimate by 2.96%, and an increase from $1.73 billion year-over-year [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.78 on revenues of $1.77 billion, and for the current fiscal year, it is $7.10 on revenues of $7.05 billion [8] - The estimate revisions trend for Ametek was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [7] Industry Context - Ametek operates within the Zacks Electronics - Testing Equipment industry, which is currently ranked in the bottom 13% of over 250 Zacks industries [9] - Historical data suggests that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [9]