Diversified manufacturing and supply chain services provider Park-Ohio (NASDAQ: PKOH) will be reporting earnings this Wednesday after market hours. Here’s what to expect.
Park-Ohio missed analysts’ revenue expectations last quarter, reporting revenues of $395 million, up 1.7% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations significantly and a significant miss of analysts’ EPS estimates.
Is Park-Ohio a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Park-Ohio’s revenue to grow 2.1% year on year, a reversal from the 2.9% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Park-Ohio’s peers in the engineered components and systems segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Worthington delivered year-on-year revenue growth of 24.4%, beating analysts’ expectations by 8.6%, and Applied Industrial reported revenues up 7.3%, topping estimates by 2.2%. Worthington traded down 4.6% following the results while Applied Industrial’s stock price was unchanged.
Read our full analysis of Worthington’s results here and Applied Industrial’s results here.
There has been positive sentiment among investors in the engineered components and systems segment, with share prices up 7.6% on average over the last month. Park-Ohio is up 21% during the same time and is heading into earnings with an average analyst price target of $37 (compared to the current share price of $29.07).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.
