Gear Up for Snap-On (SNA) Q1 Earnings: Wall Street Estimates for Key Metrics

In its upcoming report, Snap-On (SNA) is predicted by Wall Street analysts to post quarterly earnings of $4.81 per share, reflecting an increase of 1.3% compared to the same period last year. Revenues are forecasted to be $1.2 billion, representing a year-over-year increase of 1.2%.The current level reflects an upward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link 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.That said, let's delve into the average estimates of some Snap-On metrics that Wall Street analysts commonly model and monitor.The average prediction of analysts places 'Net Sales- Repair Systems & Information Group' at $464.15 million. The estimate suggests a change of +0.1% year over year.Analysts forecast 'Net Sales- Snap-on Tools Group' to reach $506.18 million. The estimate indicates a year-over-year change of +1.2%.It is projected by analysts that the 'Net Sales- Commercial & Industrial Group' will reach $369.44 million. The estimate indicates a year-over-year change of +2.7%.The consensus among analysts is that 'Operating earnings / (losses)- Financial services' will reach $67.15 million. Compared to the current estimate, the company reported $68.30 million in the same quarter of the previous year.The collective assessment of analysts points to an estimated 'Operating earnings / (losses)- Commercial & Industrial Group' of $58.40 million. The estimate is in contrast to the year-ago figure of $55.40 million.The combined assessment of analysts suggests that 'Operating earnings / (losses)- Snap-on Tools Group' will likely reach $121.77 million. Compared to the present estimate, the company reported $117.30 million in the same quarter last year.The consensus estimate for 'Operating earnings / (losses)- Repair Systems & Information Group' stands at $114.88 million. The estimate is in contrast to the year-ago figure of $112.90 million.View all Key Company Metrics for Snap-On here>>>Over the past month, shares of Snap-On have returned +1.3% versus the Zacks S&P 500 composite's -3.6% change. Currently, SNA carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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