SKF Stock (OTC:SKFRY), Trade Ideas

SKF AB ADR

SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.

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SKFRY

SKUFF

SKF Clocks 8% Sales Growth In Q3, Warns On Cost Inflation, Constrained Logistics

SKF Strengthens Analytics Capability With Acquisition Of Rubico Consulting

AB SKF Reports Strong Q2 Results With 25% Revenue Growth

SKF AB

<p><strong>SKF</strong> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-01-31. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that SKF will report an <strong>earnings per share</strong> (EPS) of $0.40. </p>
<p>SKF bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat EPS by $0.07, which was followed by a 0.0% drop in the share price the next day.</p>
<p>Here's a look at SKF's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.35</td>
<td>0.40</td>
<td>0.42</td>
<td>0.36</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.42</td>
<td>0.51</td>
<td>0.46</td>
<td>0.28</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-0.19%</td>
<td>2.25%</td>
<td>-0.66%</td>
<td>-1.03%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1706630470_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of SKF were trading at $19.06 as of January 29. Over the last 52-week period, shares are up 2.1%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/SKFRY/earnings"><strong>To track all earnings releases for SKF visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


SKF's Earnings Outlook

<p><strong>SKF</strong> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) is set to give its latest quarterly earnings report on Thursday, 2023-04-27. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that SKF will report an <strong>earnings per share</strong> (EPS) of $0.42. </p>
<p>SKF bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company missed EPS by $0.08, which was followed by a 1.03% drop in the share price the next day.</p>
<p>Here's a look at SKF's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q4 2022</strong></th>
<th><strong>Q3 2022</strong></th>
<th><strong>Q2 2022</strong></th>
<th><strong>Q1 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.36</td>
<td>0.35</td>
<td>0.37</td>
<td>0.33</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.28</td>
<td>0.27</td>
<td>0.30</td>
<td>0.49</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-1.03%</td>
<td>0.69%</td>
<td>1.81%</td>
<td>2.08%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2023/1682521269_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of SKF were trading at $18.69 as of April 25. Over the last 52-week period, shares are up 10.74%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/SKFRY/earnings"><strong>To track all earnings releases for SKF visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings Outlook For SKF

<p><strong>SKF</strong> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) is set to give its latest quarterly earnings report on Thursday, 2023-02-02. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that SKF will report an <strong>earnings per share</strong> (EPS) of $0.32. </p>
<p>SKF bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company missed EPS by $0.08, which was followed by a 0.69% increase in the share price the next day.</p>
<p>Here's a look at SKF's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2022</strong></th>
<th><strong>Q2 2022</strong></th>
<th><strong>Q1 2022</strong></th>
<th><strong>Q4 2021</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.35</td>
<td>0.37</td>
<td>0.33</td>
<td>0.26</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.27</td>
<td>0.30</td>
<td>0.49</td>
<td>0.34</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>0.69%</td>
<td>1.81%</td>
<td>2.08%</td>
<td>0.34%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2023/1675281684_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of SKF were trading at $17.6 as of January 31. Over the last 52-week period, shares are down 13.81%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/SKFRY/earnings"><strong>To track all earnings releases for SKF visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


SKF Earnings Preview

<p><strong>SKF</strong> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) reported its Q3 earnings results on Tuesday, October 25, 2022 at 02:00 AM.</p>
<p>Here&#39;s what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>SKF missed estimated earnings by 22.86%, reporting an EPS of $0.27 versus an estimate of $0.35.</p>
<p>Revenue was up $40.00 million from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company missed on EPS by $0.07 which was followed by a 1.81% increase in the share price the next day.</p>
<p>&nbsp;</p>
<p>To track all earnings releases for SKF <a href="https://www.benzinga.com/quote/SKFRY/earnings">visit their earnings calendar here.</a></p>
<p>This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.</p>


SKF: Q3 Earnings Insights

<p><strong>SKF</strong> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) is set to give its latest quarterly earnings report on Tuesday, 2022-10-25. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that SKF will report an <strong>earnings per share</strong> (EPS) of $0.35. </p>
<p>SKF bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Historical Earnings Performance</h3>
<p>Last quarter the company missed EPS by $0.07, which was followed by a 1.81% increase in the share price the next day.</p>
<p>Here's a look at SKF's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2022</strong></th>
<th><strong>Q1 2022</strong></th>
<th><strong>Q4 2021</strong></th>
<th><strong>Q3 2021</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.37</td>
<td>0.33</td>
<td>0.26</td>
<td></td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.30</td>
<td>0.49</td>
<td>0.34</td>
<td>0.47</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>1.81%</td>
<td>2.08%</td>
<td>0.34%</td>
<td>-0.04%</td>
</tr>
</tbody>
</table>
</p>
<h3>Stock Performance</h3>
<p>Shares of SKF were trading at $15.11 as of October 21. Over the last 52-week period, shares are down 35.4%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/SKFRY/earnings"><strong>To track all earnings releases for SKF visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


A Preview Of SKF's Earnings

<p>&nbsp;</p>
<p><strong>SKF</strong> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) reported its Q2 earnings results on Wednesday, July 20, 2022 at 06:00 AM.</p>
<p>Here&#39;s what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>SKF missed estimated earnings by 18.92%, reporting an EPS of $0.3 versus an estimate of $0.37.</p>
<p>Revenue was down $55.00 million from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat on EPS by $0.16 which was followed by a 2.08% increase in the share price the next day.</p>
<p>&nbsp;</p>
<p>To track all earnings releases for SKF <a href="https://www.benzinga.com/quote/SKFRY/earnings">visit their earnings calendar here.</a></p>
<p>This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.</p>


Recap: SKF Q2 Earnings

<p><strong>SKF</strong> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) is set to give its latest quarterly earnings report on Wednesday, 2022-07-20. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that SKF will report an <strong>earnings per share</strong> (EPS) of $0.37. </p>
<p>SKF bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat EPS by $0.16, which was followed by a 2.08% increase in the share price the next day.</p>
<p>Here's a look at SKF's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q1 2022</strong></th>
<th><strong>Q4 2021</strong></th>
<th><strong>Q3 2021</strong></th>
<th><strong>Q2 2021</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.33</td>
<td>0.26</td>
<td></td>
<td></td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.49</td>
<td>0.34</td>
<td>0.47</td>
<td>0.61</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>2.08%</td>
<td>0.34%</td>
<td>-0.04%</td>
<td>4.11%</td>
</tr>
</tbody>
</table>
</p>
<h3>Stock Performance</h3>
<p>Shares of SKF were trading at $15.82 as of July 18. Over the last 52-week period, shares are down 36.26%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/SKFRY/earnings"><strong>To track all earnings releases for SKF visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


<p>&nbsp;</p>
<p><strong>SKF</strong> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) reported its Q1 earnings results on Tuesday, April 26, 2022 at 06:00 AM.</p>
<p>Here&#39;s what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>SKF beat estimated earnings by 48.48%, reporting an EPS of $0.49 versus an estimate of $0.33.</p>
<p>Revenue was up $88.00 million from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat on EPS by $0.08 which was followed by a 0.34% increase in the share price the next day.</p>
<p>&nbsp;</p>
<p>To track all earnings releases for SKF <a href="https://www.benzinga.com/quote/SKFRY/earnings">visit their earnings calendar here.</a></p>
<p>This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.</p>


Recap: SKF Q1 Earnings

<p><strong>SKF</strong> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SKFRY#OTC">SKFRY</a>) is set to give its latest quarterly earnings report on Tuesday, 2022-04-26. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that SKF will report an <strong>earnings per share</strong> (EPS) of $0.33. </p>
<p>SKF bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat EPS by $0.08, which was followed by a 0.34% increase in the share price the next day.</p>
<p>Here's a look at SKF's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q4 2021</strong></th>
<th><strong>Q3 2021</strong></th>
<th><strong>Q2 2021</strong></th>
<th><strong>Q1 2021</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.26</td>
<td></td>
<td></td>
<td>0.37</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.34</td>
<td>0.47</td>
<td>0.61</td>
<td>0.49</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>0.34%</td>
<td>-0.04%</td>
<td>4.11%</td>
<td>1.47%</td>
</tr>
</tbody>
</table>
</p>
<h3>Stock Performance</h3>
<p>Shares of SKF were trading at $16.67 as of April 22. Over the last 52-week period, shares are down 39.23%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/SKFRY/earnings"><strong>To track all earnings releases for SKF visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


SKF's Earnings: A Preview

<ul>
<li><strong>SKF AB&nbsp;</strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/skfry#OTC">SKFRY</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/10/n23550677/skf-nine-month-report-2021-industrial-maintains-its-strong-momentum-automotive-hit-by-customer-sup" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reported third-quarter FY21 net sales</a>&nbsp;growth of 8.3% year-over-year to SEK 20.15 billion with an organic increase of 8%.</li>
<li>Adjusted EPS was SEK 4.04 versus SEK 3.80 in 3Q20.</li>
<li>The industrial segment reported revenues of SEK 14.75 billion (+13.6% Y/Y) and an adjusted profit margin of 16.7%, up by 90 bps.</li>
<li>The automotive segment reported sales of SEK 5.4 billion (-3.9% Y/Y) and an adjusted operating margin of 3.9%, down by 380 bps.</li>
<li>The gross margin expanded by 160 bps to 27.6% for Q3. Q3 adjusted operating profit was SEK 2.67 billion compared to SEK 2.46 billion a year ago. The adjusted operating profit was positively impacted by sales and manufacturing volumes, sales prices, and customer mix.</li>
<li>The quarter&#39;s cash flow generation was SEK 1.47 billion, compared to SEK 2.23 billion, mainly driven by increased inventories due to logistics bottlenecks, customer shutdowns, and higher investments.&nbsp;</li>
<li>The company had cash and cash equivalents of SEK 13.04 billion as of 30 September 2021 and net debt of SEK 18.54 billion. The net debt/EBITDA ratio was 1.7.</li>
<li><strong>Outlook</strong>: SKF expects organic sales for the fourth quarter to be relatively unchanged compared to the fourth quarter of 2020.</li>
<li>It anticipates continued challenging conditions from cost inflation and constrained logistics in Q4.</li>
<li><strong>Price Action:</strong>&nbsp;SKFRY shares closed lower by 0.98% at $25.35 on Monday.</li>
</ul>


<ul>
<li><strong>AB SKF</strong>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/skfry#OTC">SKFRY</a>) has&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/08/n22733980/skf-strengthens-analytics-capability-through-acquisition" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">completed the acquisition</a>&nbsp;of&nbsp;<strong>Rubico Consulting AB</strong>, an industrial consultancy firm specialized in visualization and analysis of signal data, with ten employees based in Lule&aring;, Sweden. Deal terms were not disclosed.</li>
<li>Rubico Consulting&#39;s signal processing will be integrated into SKF&#39;s offer around the rotating shaft and powering new technology areas such as bearings with fiber-optic sensors.</li>
<li>SKF held&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/21/07/22056911/ab-skf-reports-strong-q2-results-with-25-revenue-growth" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">cash and cash equivalents of SEK 11.76 billion&nbsp;</a>as of 30 June 2021.</li>
<li>&quot;The patented edge algorithm developed by Rubico simplifies and automates analysis of machine data and is an enabler for wireless, energy-efficient systems,&quot; commented Victoria Van Camp, President, SKF Technology.</li>
<li><strong>Price Action:</strong>&nbsp;SKFRY shares closed higher by 1.22% at $25.75 on Monday.</li>
</ul>


<ul>
<li><strong>AB SKF ADR</strong>&nbsp;(OTCMKTS: SKFRY)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/07/n22054110/skf-half-year-report-2021-record-operating-profit" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reported second-quarter</a>&nbsp;net sales growth of ~25% year-over-year to SEK 20.75 billion with organic growth of 33.2% year-over-year.</li>
<li>Adjusted earnings per share were SEK 5.11 for the quarter, compared to SEK 2.72 reported in Q2 2020.</li>
<li>The industrial segment reported revenues of SEK 14.89 billion (+13.8% Y/Y) and an adjusted profit margin of 18%, up by 400 bps.</li>
<li>The automotive segment reported sales of SEK 5.8 billion (+66.1% Y/Y) and an adjusted operating margin of 7.6%.</li>
<li>The gross margin expanded by 800 bps to 30.4% for Q2.</li>
<li>Q2 adjusted operating profit increased to SEK 3.12 billion from SEK1.56 billion a year ago, reflecting positive impact by sales and manufacturing volumes, sales prices, customer mix, and cost reductions.</li>
<li>Adjusted operating margin for the quarter expanded by 560 bps to 15%.</li>
<li>Net cash generated from operations year-to-date was SEK 1.5 billion, compared to SEK 2.41 billion a year ago.</li>
<li>The company had cash and cash equivalents of SEK 11.76 billion as of 30 June 2021 and net debt of SEK 19.81 billion. The net debt/EBITDA ratio was 1.5.</li>
<li><strong>Guidance 3Q21:&nbsp;</strong>The company expects demand to continue to grow, resulting in organic growth of about 10% compared to Q3 2020. Currency impact on the operating profit is likely to be around SEK 150 million compared with Q3 2020, based on exchange rates per 30 June 2021.</li>
<li><strong>Guidance FY21:</strong>&nbsp;Additions to property, plant, and equipment of ~SEK 3,800 million (prior SEK 3,600 million).</li>
<li><strong>Price action:</strong>&nbsp;SKFRY shares closed lower by 0.97% at $24.56 on Monday.</li>
</ul>
