Snap-on Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St · 10/18 10:46

Snap-on (NYSE:SNA) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.25b (flat on 3Q 2023).
  • Net income: US$251.1m (up 3.3% from 3Q 2023).
  • Profit margin: 20% (in line with 3Q 2023).
  • EPS: US$4.77 (up from US$4.60 in 3Q 2023).
earnings-and-revenue-growth
NYSE:SNA Earnings and Revenue Growth October 18th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Snap-on EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%.

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are up 14% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Snap-on that you need to be mindful of.