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Barnes Group (B) Beats Q4 Earnings, Lags on Revenues

Barnes Group Inc.B is a manufacturer of precision metal parts as well as distributes industrial supplies worldwide. End-markets served include aerospace, transportation, industrial equipment, consumer products, packaging, electronics, medical devices, energy, medical/pharmaceutical, and personal care/health care industries. It currently has a $2.6 billion market capitalization.

However, this machinery company faces risks from regulatory issues in the aerospace business, unfavorable foreign currency movements and weak economic conditions in some developed and developing nations. Investors are eagerly waiting for the company's latest earnings report.

Over the last four quarters, Barnes Group delivered better-than-expected results in two, lagged in one and posted in-line results in one. Average earnings surprise was a positive 0.92%.

Barnes Group, Inc. Price and EPS Surprise

Barnes Group, Inc. Price and EPS Surprise | Barnes Group, Inc. Quote

Currently, Barnes Group has a Zacks Rank #4 (Sell), but that could definitely change after the release of its upcoming earnings report. You can see the complete list of today's Zacks #1 Rank stocks here . We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Barnes Group' adjusted earnings came in at 67 cents per share in fourth-quarter of 2016. The bottom line result surpassed the Zacks Consensus Estimate of 64 cents per share.

Revenue: Revenues lagged. Barnes Group generated revenues of $324 million, below the Zacks Consensus Estimate of $330.4 million.

Key Stats to Note: For 2017, Barnes Group anticipates organic revenue growth to be 3−5% while total revenue is predicted to grow 6−8%. Adjusted earnings is anticipated to be within $2.61−$2.76 per share range.

Stock Price: Barnes Group shares were down 0.76% ahead of the report.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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