Emerson (EMR) Announces New Wireless Pressure Gauge App

Emerson Electric CompanyEMR recently announced a new Plantweb Insight application for wireless pressure gauges, with easy usability features. This IIoT (Industrial Internet of Things) application enables maintenance workers to gain a streamlined view of Rosemount wireless pressure gauges, thus enhancing safety.

Per the company, the IIoT application is capable of delivering field data once per minute from a fleet of wireless pressure gauges. Notably, Plantweb Insight applications can easily be integrated with various WirelessHART gauges and remote field sensors. Also, it combines continuous real-time data offered by the company's Pervasive Sensing strategies with predictive analytics to offer maintenance personnel latest process information, thus improving safety as well as energy management.

Existing Business Scenario

Emerson has a solid track record of launching products and technologies to gain a competitive advantage over peers. Also, the company has an impressive history of clinching lucrative contracts in the energy infrastructure that proves conducive to its top-line performance. Strong MRO demand along with small and mid-sized projects focused on expansion and optimization of existing facilities has boosted the segment's top line. Further, Energy, life sciences and chemical markets remain favorable.

In the past six months, this Zacks Rank #3 (Hold) company has returned 9.4%, significantly outperforming the industry 's increase of 1.1%.

This apart, Emerson is optimistic about the prospects of its Commercial & Residential Solutions segment as it is witnessing improving trends in the United States, Europe and Asian construction markets. Thriving Heating Ventilation and Air-Conditioning (HVAC), refrigeration markets and construction-related demand in key end markets is also expected to drive the segments performance. At the Automation Solutions segment, favorable trends in petrochemical, power and life sciences and improving MRO demand is anticipated to boost growth. We believe selected investment opportunities coupled with positive trends in certain business areas offer Emerson decent growth opportunities.

Despite these tailwinds, Emerson's operations have suffered as a result of slow spending in general industrial markets. This, in turn, has affected the company's order rates across the related segments and pulled down the sales figure. Additionally, it believes that sluggish economic conditions and prolonged softness in the oil and gas markets might take a turn for the worse on account of global economic uncertainty.

Key Picks

Some better-ranked stocks from the same space are Enersys ENS , Energous Corporation WATT and Capstone Turbine Corporation CPST . All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Enersys surpassed estimates thrice in the trailing four quarters, with an average positive earnings surprise of 2.6%.

Energous outpaced estimates twice in the preceding four quarters, with an average earnings surprise of 1.4%.

Capstone Turbine exceeded estimates twice in the trailing four quarters, with an average positive earnings surprise of 20.8%.

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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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