Market Overview

SPX Q4 Earnings Preview

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On Thursday, SPX Corporation Common Stock (NYSE: SPXC) will report its last quarter's earnings. Here is Benzinga's take on the company's release.

Earnings and Revenue

Wall Street analysts see SPX reporting earnings of 61 cents per share on sales of $390.59 million.

In the same quarter last year, SPX reported EPS of 69 cents per share on revenue of $377 million. If the company were to match the consensus estimate, earnings would be down 11.59 percent. Sales would be up 3.47 percent from the same quarter last year.

SPX reported EPS has stacked up against analyst estimates in the past like this:

 

Quarter Q3 2017 Q2 2017 Q1 2017 Q4 2016
EPS Estimate 0.29 0.35 0.27 0.65
EPS Actual 0.36 0.44 0.38 0.69

 

Stock Performance

Over the last 52-week period, shares are up 20.04 percent. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.

Analyst estimates have adjusted lower for EPS and revenues over the past 90 days. The average rating by analysts on SPX stock is a Neutral. The strength of this rating has risen over the past 90 days.

Conference Call

SPX's conference call is scheduled for 4:45 p.m. ET and it can be accessed here.

Posted-In: Earnings News Previews Trading Ideas

 

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