Timken (TKR) Reports Earnings Tomorrow: What To Expect

About this update from Timken India Limited

Industrial component provider Timken NYSE:TKR will be reporting results this Wednesday before market open. Here’s what to expect. Timken beat analysts’ revenue expectations by 3.6% last quarter, reporting revenues of $1.16 billion, up 2.7% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ revenue estimates. Is Timken a buy or sell going into earnings? .This quarter, analysts are expecting Timken’s revenue to be flat year on year at $1.07 billion, improving from the 1.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.09 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Timken has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 1.9% on average. Looking at Timken’s peers in the industrial machinery segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Applied Industrial delivered year-on-year revenue growth of 8.4%, missing analysts’ expectations by 0.7%, and GE Aerospace reported revenues up 17.6%, topping estimates by 13.9%. Applied Industrial traded down 9% following the results while GE Aerospace was also down 7.7%. Read our full analysis of and .There has been positive sentiment among investors in the industrial machinery segment, with share prices up 7.1% on average over the last month. Timken is up 7.5% during the same time and is heading into earnings with an average analyst price target of $92.03 (compared to the current share price of $94.98).

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