Curious about Snap-On (SNA) Q3 Performance? Explore Wall Street Estimates for Key Metrics

Analysts on Wall Street project that Snap-On (SNA) will announce quarterly earnings of $4.59 per share in its forthcoming report, representing a decline of 2.3% year over year. Revenues are projected to reach $1.15 billion, increasing 0.3% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.In light of this perspective, let's dive into the average estimates of certain Snap-On metrics that are commonly tracked and forecasted by Wall Street analysts.The average prediction of analysts places 'Net Sales- Financial Services Revenue' at $101.14 million. The estimate indicates a change of +0.7% from the prior-year quarter.Analysts forecast 'Net Sales- Repair Systems & Information Group' to reach $446.71 million. The estimate suggests a change of +5.7% year over year.The consensus among analysts is that 'Net Sales- Snap-on Tools Group' will reach $492.00 million. The estimate points to a change of -1.7% from the year-ago quarter.Analysts expect 'Net Sales- Commercial & Industrial Group' to come in at $355.43 million. The estimate suggests a change of -2.8% year over year.The consensus estimate for 'Operating earnings / (losses)- Financial services' stands at $69.48 million. Compared to the current estimate, the company reported $71.70 million in the same quarter of the previous year.Analysts' assessment points toward 'Operating earnings / (losses)- Commercial & Industrial Group' reaching $55.64 million. Compared to the current estimate, the company reported $61.00 million in the same quarter of the previous year.According to the collective judgment of analysts, 'Operating earnings / (losses)- Snap-on Tools Group' should come in at $105.52 million. Compared to the current estimate, the company reported $108.30 million in the same quarter of the previous year.Based on the collective assessment of analysts, 'Operating earnings / (losses)- Repair Systems & Information Group' should arrive at $110.49 million. Compared to the current estimate, the company reported $107.30 million in the same quarter of the previous year. View all Key Company Metrics for Snap-On here>>> Shares of Snap-On have demonstrated returns of -1.9% over the past month compared to the Zacks S&P 500 composite's +0.4% change. With a Zacks Rank #3 (Hold), SNA is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Snap-On Incorporated (SNA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks