Snap-on: Q1 Earnings Insights

 

Shares of Snap-on SNA fell 0.4% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 34.62% year over year to $3.50, which beat the estimate of $3.06.

Revenue of $1,025,000,000 higher by 20.28% from the same period last year, which beat the estimate of $930,900,000.

Outlook

Snap-on hasn't issued any earnings guidance for the time being.

Snap-on hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Apr 22, 2021

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/xong3m6k

Recent Stock Performance

Company's 52-week high was at $238.10

Company's 52-week low was at $108.78

Price action over last quarter: Up 28.00%

Company Profile

Snap-on Inc is a manufacturer of premium tools and software for professional technicians. Hand tools are sold through franchisee-operated mobile vans that serve auto technicians who purchase tools at their own expense. A unique element of its business model is that franchisees bear significant risk, as they must invest as much as $375,000 in the van, inventory, and software. At the same time, franchisees extend personal credit directly to technicians on an individual tool basis. Snap-on currently operates three segments-Repair systems and information Group, Commercial and industrial Group, and Snap-on Tools Group-which accounted for 30%, 30%, and 40%, respectively, of its $3.6 billion 2020 manufacturing revenue.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!