Luxfer Holdings plc
) is set to report fourth-quarter 2013 results on Mar 13, after
the market closes. In the last quarter, it delivered 5.71%
negative earnings surprise. Let's see how things are shaping up
for this announcement.
Factors to Consider
In the third quarter, Luxfer reported adjusted earnings per
American Depositary Share (ADS) of 33 cents, missing the Zacks
Consensus Estimate of 35 cents by 5.7%. However, revenues
increased 4.7% year over year to $119.9 million. The
year-over-year rise mainly resulted from higher alternative fuel
cylinders sales and an improved market for life-support cylinders
in the U.S.
Luxfer Holdings expects the European markets to negatively
impact fourth-quarter earnings. However, North American markets
are expected to be strong. Additionally, the Gas Cylinder
business is performing well and this trend is expected to
continue in the quarters to come.
Our proven model does not conclusively show that Luxfer is
likely to beat earnings this quarter. That is because a stock
needs to have both a positive
and a Zacks Rank of #1, 2 or 3 for this to happen. That is not
the case here as we see below.
The ESP for Luxfer is 0.00%.This is because the Most Accurate
estimate stands at 37 cents flat with the Zacks Consensus
Luxfer's Zacks Rank #3 (Hold) when combined with a 0.00% ESP
makes surprise prediction difficult. We caution against stocks
with Zacks Ranks #4 and 5 (Sell-rated stocks) going into the
earnings announcement, especially when the company is seeing a
negative estimate revision momentum.
Other Stocks to Consider
Here are some other companies you may want to consider as our
model shows they have the right combination of elements to post
an earnings beat this quarter:
Barnes Group Inc.
), Earnings ESP of +1.89% and a Zacks Rank #3.
), Earnings ESP of +4.14% and a Zacks Rank #3.
Astec Industries, Inc.
), Earnings ESP of +1.79% and a Zacks Rank #3.
ASTEC INDS INC (ASTE): Free Stock Analysis
BARNES GRP (B): Free Stock Analysis Report
LUXFER HOLDINGS (LXFR): Free Stock Analysis
PARKER HANNIFIN (PH): Free Stock Analysis
To read this article on Zacks.com click here.