Core Viewpoint - Analysts project Snap-On (SNA) will report quarterly earnings of $4.59 per share, reflecting a 2.3% decline year over year, with revenues expected to reach $1.15 billion, a 0.3% increase from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised upward by 0.3% in the past 30 days, indicating a reassessment by covering analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Key Metrics Projections - Analysts estimate 'Net Sales- Financial Services Revenue' at $101.14 million, a 0.7% increase year over year [5]. - 'Net Sales- Repair Systems & Information Group' is forecasted to reach $446.71 million, suggesting a 5.7% year-over-year increase [5]. - 'Net Sales- Snap-on Tools Group' is expected to be $492.00 million, indicating a 1.7% decline from the previous year [5]. - 'Net Sales- Commercial & Industrial Group' is projected at $355.43 million, reflecting a 2.8% decrease year over year [6]. Operating Earnings Estimates - The consensus for 'Operating earnings / (losses)- Financial services' is $69.48 million, down from $71.70 million reported in the same quarter last year [6]. - 'Operating earnings / (losses)- Commercial & Industrial Group' is expected to be $55.64 million, compared to $61.00 million in the previous year [7]. - 'Operating earnings / (losses)- Snap-on Tools Group' is projected at $105.52 million, down from $108.30 million reported last year [7]. - 'Operating earnings / (losses)- Repair Systems & Information Group' is estimated at $110.49 million, up from $107.30 million in the same quarter last year [8]. Stock Performance - Snap-On shares have returned -1.9% over the past month, contrasting with the Zacks S&P 500 composite's +0.4% change, and the company holds a Zacks Rank 3 (Hold), indicating expected performance in line with the overall market [8].
Curious about Snap-On (SNA) Q3 Performance? Explore Wall Street Estimates for Key Metrics