Snap-On Tops Q3 Earnings Estimates

In their Q3 reports, Snap-On came out with quarterly earnings of $2.88 per share. This compares to earnings of $2.45 per share a year ago. These figures are adjusted for non-recurring items.

According to zacks.com, this quarterly report represents an earnings surprise of 1.05%. A quarter ago, it was expected that this tool and diagnostic equipment maker would post earnings of $2.95 per share when it actually produced earnings of $3.11, delivering a surprise of 5.42%. Over the last four quarters, the company has surpassed consensus EPS estimates four times.

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Snap-On, which belongs to the Zacks Tools – Handheld industry, posted revenues of $898.10 million for the quarter ended September 2018. This compares to year-ago revenues of $903.80 million. The company has topped consensus revenue estimates two times over the last four quarters.