Snap-on (NYSE:SNA) will report earnings before market open this Thursday. Last quarter, they missed revenue expectations by 4.1%, reporting $1.24 billion, down 3% year on year. Analysts expect a 2% revenue decline to $1.25 billion this quarter, with adjusted earnings at $4.63 per share. Snap-on has missed revenue estimates five times in the last two years. Among peers, only Worthington has reported, beating revenue estimates by 5.6%. Industrial machinery segment sentiment is positive, with average share prices up 4.9% in the last month. Snap-on’s stock price is unchanged, with an average analyst price target of $322.39.
Read more at Barchart: Snap-on (SNA) Reports Q2 Results Tomorrow