Rockwell Automation Inc. (ROK - Free Report) the world’s largest company dedicated to industrial automation, reported second-quarter fiscal 2018 results, wherein adjusted earnings of $1.89 surpassed the Zacks Consensus Estimate of $1.80.
Revenue: Rockwell Automation missed on the revenue front. It reported revenues of $1,651 million in the fiscal second quarter, lagging the Zacks Consensus Estimate of $1,654million.
Earnings Estimates Revision: The earnings estimate revisions for Rockwell Automation has been stable over the last 30 days. In the trailing four quarters, excluding quarter under review, the company’s earnings have surpassed the Zacks Consensus Estimate by an average of nearly 7%.
Rockwell Automation, Inc. Price and EPS Surprise
Rockwell Automation, Inc. price-eps-surprise | Rockwell Automation, Inc. Quote
Outlook: For 2018, the company raised its adjusted EPS guidance to $7.70-$8.00 from the prior band of $7.60-$7.90. It maintains its organic sales growth guidance of 3.5%-6.5%.
Zacks Rank: Currently, Rockwell Automation has a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.
Market Reaction: Rockwell Automation’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
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