- Snap-On reported third-quarter net sales of $1.15 billion, which aligns closely with estimates of $1.16 billion, marking a 1.1% decrease year-over-year.
- The Commercial & Industrial Group recorded net sales of $365.7 million, a slight decline of 0.2% year-over-year, missing the estimate of $376.6 million.
- Snap-on Tools Group achieved net sales of $500.5 million, a 2.9% decrease compared to the previous year, but surpassed estimates of $479.4 million.
- Net sales for the Repair Systems & Information Group were $422.7 million, showing a 2.1% decline from the previous year and falling short of the estimated $445.2 million.
- The Financial Services segment generated revenue of $100.4 million, representing a 5.8% increase year-over-year, exceeding the projected $99.2 million.
- Earnings per share (EPS) for the quarter were reported at $4.70, up from $4.51 in the same quarter last year.
- Analyst ratings for the company include 3 buys, 8 holds, and 3 sells.
A look at Snap On Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts suggest that Snap On Inc shows promise for long-term growth based on a combination of solid scores across Value, Dividend, Growth, Resilience, and Momentum factors. With a Growth score of 4, the company is expected to have strong potential for expanding its business and increasing its market share over time. Its Resilience and Momentum scores of 4 further indicate that Snap On Inc is well-positioned to weather market fluctuations and sustain its upward trajectory.
Moreover, Snap On Inc‘s Value and Dividend scores of 3 each suggest that the company is reasonably priced and offers a stable dividend payout, making it an attractive investment option for those seeking a balance of growth and income. Overall, the company’s diversified product portfolio and focus on serving the automotive service industry contribute to a positive long-term outlook for Snap On Inc as it continues to cater to a wide range of customers including professional service technicians and motor service shop owners.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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