Recap: Rockwell Automation Q1 Earnings

Shares of Rockwell Automation ROK moved higher by 0.1% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 12.80% year over year to $2.38, which beat the estimate of $1.89.

Revenue of $1,565,300,000 declined by 7.10% year over year, which missed the estimate of $1,620,000,000.

Looking Ahead

Rockwell Automation said it sees FY21 adjusted EPS of $8.70-$9.10.

How To Listen To The Conference Call

Date: Jan 26, 2021

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.rockwellautomation.com%2F&eventid=2946897&sessionid=1&key=0ACB998A78784CB0406FB5B43FC39CA4&regTag=&V2=false&sourcepage=register

Technicals

Company's 52-week high was at $268.91

Company's 52-week low was at $115.38

Price action over last quarter: Up 7.70%

Company Overview

Rockwell Automation is a pure-play automation competitor that is the successor entity to Rockwell International, which spun off its former Rockwell Collins avionics segment in 2001. As of fiscal 2021, the firm operates through three segments--intelligent devices, software and control, and lifecycle services. Intelligent devices contains its drives, sensors, and industrial components, software and control contains its information and network and security software, while lifecycle services contains its consulting and maintenance services as well as its Sensia JV with Schlumberger.