Snap-On Incorporated (NYSE:SNA) is reporting third quarter earnings results on Thursday 22nd October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 2.16 per share from $ 806.17 million in revenue.
For the full year, analysts predict revenues of $ 3290.85 million, while looking forward to income of $ 9.26 per share.
Previous Quarter Performance
Snap-On Incorporated unfold income for the second quarter of $ 1.91 per share, from the revenue of $ 724.30 million. The quarterly earnings shrunk 40.68 percent compared with the same quarter last year. Street analysts expected Snap-On Incorporated to report income of $ 1.83 per share on revenue of $ 704.97 million for the second quarter. The bottom line results beat street analysts by $ 0.08 or 4.37 percent, at the same time, top line results outshined analysts by $ 19.33 million or 2.74 percent.
Stock Performance
Shares of Snap-On Incorporated traded up $ 1.23 or 0.79 percent on Wednesday, reaching $ 156.16 with volume of 348.90 thousand shares. The stock opened down for the day at $ 154.89, after closing the previous day trading at $ 154.93.
According to the previous trading day, closing price of $ 154.93, representing a 70.78 % increase from the 52 week low of $ 90.72 and a 10.24 % decrease over the 52 week high of $ 172.61.
The company has a market capital of $ 8.51 billion and is part of the Industrials sector and Tools & Accessories industry.
Recent Analyst recommendations
- On 19th October 2020, downgraded by Longbow Research to Underperform from Neutral rating
- On 16th September 2020, initiated by UBS Group at Sell rating, with $ 143.00 target price.
Conference Call
Snap-On Incorporated will be hosting a conference call at 10:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.snapon.com
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.