Ametek (AME) Q4 Earnings and Revenues Surpass Estimates

Company Performance - Ametek reported quarterly earnings of $1.68 per share, exceeding the Zacks Consensus Estimate of $1.62 per share, and up from $1.52 per share a year ago, representing an earnings surprise of 3.70% [1] - The company achieved revenues of $1.73 billion for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 0.31% and increasing from $1.63 billion year-over-year [1] - Over the last four quarters, Ametek has consistently surpassed consensus EPS estimates four times and revenue estimates three times [1] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.58 on revenues of $1.76 billion, and for the current fiscal year, it is $6.76 on revenues of $7.27 billion [4] - Ametek's estimate revisions trend is currently favorable, leading to a Zacks Rank 2 (Buy), indicating expected outperformance in the near future [4] Industry Context - The Electronics - Testing Equipment industry, to which Ametek belongs, is currently ranked in the top 16% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [5] - Another company in the same industry, Itron, is expected to report quarterly earnings of $0.75 per share, reflecting a year-over-year increase of 5.6%, with revenues projected at $569.76 million, up 21.9% from the previous year [5][6]