Winners And Losers Of Q4: AMETEK (NYSE:AME) Vs The Rest Of The Internet of Things Stocks

Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at AMETEK (NYSE:AME) and its peers.

Industrial Internet of Things (IoT) companies are buoyed by the secular trend of a more connected world. They often specialize in nascent areas such as hardware and services for factory automation, fleet tracking, or smart home technologies. Those who play their cards right can generate recurring subscription revenues by providing cloud-based software services, boosting their margins. On the other hand, if the technologies these companies have invested in don’t pan out, they may have to make costly pivots.

The 5 internet of things stocks we track reported a mixed Q4. As a group, revenues were in line with analysts’ consensus estimates while next quarter’s revenue guidance was 1% below.

While some internet of things stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 4.1% since the latest earnings results.

Weakest Q4: AMETEK (NYSE:AME)

AMETEK reported revenues of $1.76 billion, up 1.8% year on year. This print fell short of analysts’ expectations by 3.6%. Overall, it was a softer quarter for the company with a miss of analysts’ organic revenue estimates and full-year EPS guidance missing analysts’ expectations.

"AMETEK delivered strong results in the fourth quarter, with outstanding operating performance driving robust core margin expansion, record earnings and strong cash flow growth," stated David A. Zapico, AMETEK Chairman and Chief Executive Officer.

AMETEK delivered the weakest performance against analyst estimates of the whole group. The stock is up 3.2% since reporting and currently trades at $190.01.

Is now the time to buy AMETEK? Find out by reading the original article on StockStory, it’s free.

Best Q4: Rockwell Automation (NYSE:ROK)

Rockwell Automation reported revenues of $1.88 billion, down 8.3% year on year, falling short of analysts’ expectations by 0.6%. However, the business still had a strong quarter with a solid beat of analysts’ EBITDA estimates.

The market seems happy with the results as the stock is up 5.8% since reporting. It currently trades at $283.70.

Emerson Electric (NYSE:EMR)

Emerson Electric reported revenues of $4.18 billion, up 1.4% year on year, falling short of analysts’ expectations by 1.1%. It was a mixed quarter as it posted an impressive beat of analysts’ EBITDA estimates but EPS guidance for next quarter missing analysts’ expectations.

As expected, the stock is down 6% since the results and currently trades at $120.08.

Trimble (NASDAQ:TRMB)

Trimble reported revenues of $983.4 million, up 5.5% year on year. This number beat analysts’ expectations by 4.2%. More broadly, it was a satisfactory quarter as it also produced a decent beat of analysts’ adjusted operating income estimates but EPS guidance for next quarter missing analysts’ expectations.

Trimble achieved the biggest analyst estimates beat, fastest revenue growth, and highest full-year guidance raise among its peers. The stock is down 23.8% since reporting and currently trades at $57.27.

Vontier (NYSE:VNT)

Vontier reported revenues of $776.8 million, down 1.5% year on year. This print surpassed analysts’ expectations by 1.5%. Aside from that, it was a mixed quarter as it also logged an impressive beat of analysts’ adjusted operating income estimates but full-year EPS guidance missing analysts’ expectations.

Vontier had the weakest full-year guidance update among its peers. The stock is flat since reporting and currently trades at $37.83.

This content was originally published on Stock Story