A Preview Of Snap-on's Earnings

Snap-on (NYSE:SNA) is gearing up to announce its quarterly earnings on Thursday, 2024-10-17. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Snap-on will report an earnings per share (EPS) of $4.59.

The market awaits Snap-on's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Past Earnings Performance

During the last quarter, the company reported an EPS missed by $0.03, leading to a 0.13% increase in the share price on the subsequent day.

Here's a look at Snap-on's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

4.94

4.64

4.66

EPS Actual

4.91

4.75

4.75

4.51

Price Change %

0.0%

3.0%

-1.0%

0.0%

Stock Performance

Shares of Snap-on were trading at $295.68 as of October 15. Over the last 52-week period, shares are up 18.1%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Insights Shared by Analysts on Snap-on

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Snap-on.

With 3 analyst ratings, Snap-on has a consensus rating of Outperform. The average one-year price target is $328.67, indicating a potential 11.16% upside.

Analyzing Ratings ...