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Snap-on (SNA)
NYSE:SNA
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
4.8Last Year’s EPS
4.75Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 18, 2018
|% Change Since: 17.62%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial services performance and improved margins, underpinned by innovation and product development. However, these positives were balanced by a slight decline in overall sales and challenges in specific market segments, leading to a neutral sentiment.Company Guidance
During the Snap-on Inc. Q3 2024 earnings call, several key financial metrics were discussed, highlighting the company's performance and strategic direction. The third quarter's sales totaled $1.147 billion, slightly down from $1.1593 billion the previous year, with an organic sales decline of 1.7%. Despite this, the operating income (OpCo OI) showed resilience, increasing by 2.9%, with an operating income margin of 22%, up 80 basis points from the previous year. The earnings per share (EPS) rose to $4.70, a 4.2% increase from last year's $4.51. Financial Services contributed significantly with an operating income of $71.7 million, boosting the consolidated operating income margin to 26%, up 90 basis points. The Tools Group reported sales of $500.5 million, noting a 3.1% organic sales decline, while maintaining a strong gross margin of 47.3%, up 100 basis points. The RS&I segment experienced an organic sales decline of 1.9% but improved its operating income margin to 25.4%, up 110 basis points. The company emphasized the success of its strategy to pivot to quicker payback products, particularly in the Tools Group, which contributed to a sequential sales increase of $18.5 million from the second quarter. The call also highlighted the robust performance in critical industries and the positive response to new product innovations, indicating a positive outlook amidst ongoing market uncertainties.Strong Financial Services Performance
Financial Services operating earnings grew to $71.7 million, up from $69.4 million in 2023, with the operating earnings margin increasing 90 basis points to 26%.
Improved Gross and Operating Margins
Consolidated gross margin improved by 130 basis points to 51.2%, and the operating margin before financial services improved by 80 basis points to 22%.
Tools Group Sequential Growth
The Tools Group achieved a sequential sales increase of 3.8% from the second quarter, rising to $500.5 million.
Innovation in Products
Introduction of new products like the Apollo Plus diagnostics platform and KRSC2460 FlipTop roll cart contributed to market traction and product differentiation.
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SNA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SNA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 17, 2024 | $296.30 | $325.83 | +9.97% |
| Jul 18, 2024 | $272.24 | $267.11 | -1.88% |
| Apr 18, 2024 | $278.02 | $256.70 | -7.67% |
| Feb 08, 2024 | $286.83 | $259.10 | -9.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Snap-on (SNA) report earnings?
Snap-on (SNA) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Snap-on (SNA) earnings time?
Snap-on (SNA) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SNA EPS forecast?
SNA EPS forecast for the fiscal quarter 2024 (Q4) is 4.8.
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