Company Performance - Snap-On reported quarterly earnings of $4.51 per share, missing the Zacks Consensus Estimate of $4.81 per share, and down from $4.75 per share a year ago, representing an earnings surprise of -6.24% [1] - The company posted revenues of $1.14 billion for the quarter, missing the Zacks Consensus Estimate by 4.59%, and down from $1.18 billion year-over-year [2] - Over the last four quarters, Snap-On has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Outlook - Snap-On shares have lost about 2.2% since the beginning of the year, while the S&P 500 has declined by 10.3% [3] - The current consensus EPS estimate for the coming quarter is $5.08 on revenues of $1.22 billion, and for the current fiscal year, it is $19.79 on revenues of $4.85 billion [7] Industry Context - The Tools - Handheld industry, to which Snap-On belongs, is currently in the top 36% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Snap-On's stock performance [5]