Snap-on Earnings Preview: Can This Streak Continue?

Snap-on (NYSE:SNA) will report earnings before markets open on Thursday, July 18th. Snap-on Incorporated develops, manufactures, and distributes tool and equipment solutions worldwide. The Company’s products include hand and power tools, diagnostics and shop equipment, tool storage products, diagnostics software, and other solutions for the automotive service industry. Customers include professional service technicians and motor service shop owners, among others.

Here is your Cheat Sheet to Snap-on Earnings:

Earnings Expectations: Analysts expect earnings of $1.45 per share on revenues of $755.31 million. Currently, the company’s P/E ratio stands at 17.33.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.37 and has not changed. For the current year, the average estimate is a profit of $5.67, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Snap-on has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 2,853 2,363 2,619 2,854 2,938
Diluted EPS ($) 4.07 2.32 3.19 4.71 5.20

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 737.90 711.60 753.20 741.70
Diluted EPS ($) 1.30 1.26 1.43 1.40

Past Performance:
Snap-on has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]