A Preview Of Timken's Earnings

Timken (NYSE:TKR) is set to give its latest quarterly earnings report on Tuesday, 2024-11-05. Here's what investors need to know before the announcement.

Analysts estimate that Timken will report an earnings per share (EPS) of $1.38.

The announcement from Timken is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings History Snapshot

The company's EPS beat by $0.02 in the last quarter, leading to a 2.82% drop in the share price on the following day.

Here's a look at Timken's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.61

1.51

1.22

1.60

EPS Actual

1.63

1.77

1.37

1.55

Price Change %

-3.0%

-2.0%

-1.0%

3.0%

Stock Performance

Shares of Timken were trading at $83.15 as of November 01. Over the last 52-week period, shares are up 19.29%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Opinions on Timken

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Timken.

Analysts have given Timken a total of 3 ratings, with the consensus rating being Neutral. The average one-year price target is $93.33, indicating a potential 12.24% upside.

Peer Ratings Overview

This comparison focuses on the analyst ratings and average 1-year price targets ...