Emerson Electric Co.EMR is a diversified global manufacturing and technology company. It offers a wide range of products and services in the areas of process management, climate technologies, network power, storage solutions, professional tools, appliance solutions, motor technologies, and industrial automation.
EMR has been benefiting from the strong market conditions in the U.S. Also, the company's ongoing mergers and acquisitions are likely to influence it to grow its business and help it gain access to new technologies and markets across geographies. Moreover, EMR's cost cutting and restructuring initiatives are expected to benefit its results going forward.
However, investors should note that, the company has been suffering from low revenues over the last few quarters due to negative effect of currency fluctuations. Consequently, in the last four trailing quarters, EMR has reported a negative average earnings surprise of 0.99%. The company projected appreciation of dollar to weigh to its quarterly earnings in coming quarters as well.
Currently, EMR has a Zacks Rank #4 (Sell) but that could change following its fourth quarter fiscal 2015 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: EMR misses on earnings. Adjusted earnings per share of 93 cents missed the Zacks Consensus Estimate of 97 cents.
Revenue: Net sales of $6,807 million came above the Zacks Consensus Estimate of $5,865 million.
Key Stats: Strong spending reduction by global customers in oil & gas and industrial markets, strengthening of U.S. dollar as well as sluggishness in emerging markets remained the headwinds.
Stock Price: EMR shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this EMR earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
EMERSON ELEC CO (EMR): Free Stock Analysis Report
To read this article on Zacks.com click here.
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.
