Tenneco Inc. TEN is
Tenneco Inc. TEN is slated to launch second-quarter 2021 outcomes on Aug 5, earlier than the opening bell. The Zacks Consensus Estimate for the corporate’s quarterly earnings is pegged at 79 cents per share on revenues of $4.Four billion.
The corporate delivered better-than-anticipated earnings within the final reported quarter on higher-than-expected contribution from the Clear Air, Efficiency Options and Motorparts segments.
The corporate topped earnings estimates in three of the previous 4 quarters and missed in a single, the typical beat being 33.5%. That is depicted within the graph under:
Tenneco Inc. Value and EPS Shock
Tenneco Inc. price-eps-surprise | Tenneco Inc. Quote
Which Approach are the Estimates Headed?
The Zacks Consensus Estimate for Tenneco’s second-quarter earnings per share (EPS) moved north by 4 cents to 79 cents over the previous 30 days. Furthermore, this compares favorably with the year-ago quarter’s reported lack of $2.15. Additionally, the Zacks Consensus Estimate for quarterly revenues suggests year-over-year progress of 66.8%.
Earnings Whispers
Our confirmed mannequin predicts an earnings beat for Tenneco this time round. The mixture of a optimistic Earnings ESP, and a Zacks Rank #1 (Sturdy Purchase), 2 (Purchase) or 3 (Maintain), will increase the chances of an earnings beat. This has been elaborated under.
Earnings ESP: Tenneco has an Earnings ESP of +1.2%. It’s because the Most Correct Estimate is pegged a cent greater than the Zacks Consensus Estimate. You may uncover the most effective shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter.
Zacks Rank: Tenneco at the moment carries a Zacks Rank of three. You may see the entire listing of at present’s Zacks #1 Rank shares right here.
Components Setting the Tone
The demand for automobiles in second-quarter 2021 was robust amid desire for private mobility, improved credit score situations and authorities stimulus. That is more likely to have buoyed demand throughout all of the segments for Tenneco.
The Zacks Consensus Estimate for gross sales from the Clear Air division for the interval in dialogue is pegged at $1,969 million, suggesting an increase from the $1,140 million reported within the prior-year quarter.
The consensus mark for quarterly gross sales from the Motorparts unit is pinned at $758 million, calling for a soar from the $559 million reported within the year-earlier interval. The identical for the EBITDA from the section is $121 million, indicating stellar progress from the year-ago interval’s $71 million.
The consensus mark for quarterly gross sales from the Powertrain section is pegged at $995 million, calling for a surge from the $602 million witnessed within the prior-year quarter. The identical for the segmental EBITDA is $90 million, indicating a reversal of the lack of $21 million reported within the year-earlier interval.
The consensus mark for quarterly gross sales from the Experience Efficiency section is pegged at $683 million, indicating a rise from the $336 million recorded within the prior-year quarter. The identical for the section’s EBITDA is $41 million, suggesting a reversal of the lack of $41 million seen within the year-ago interval.
Moreover, Tenneco’s give attention to cost-savings, disciplined capex reductions and different strategic efforts, together with its Speed up+ program, geared toward enhancing operational effectivity, are more likely to have stoked the corporate’s efficiency in the course of the to-be-reported quarter.
Different Shares to Think about
Together with Tenneco, listed here are a couple of different shares lined as much as launch quarterly outcomes quickly. Encouragingly, our mannequin predicts earnings beats for these shares as nicely:
ParkerHannifin Company PH has an Earnings ESP of +1.33% and carries a Zacks Rank #3, at the moment. The corporate is scheduled to report quarterly numbers on Aug 5.
Fox Manufacturing unit Holding Corp. FOXF has an Earnings ESP of +1.15% and carries a Zacks Rank #2, at current. It’s slated to report earnings outcomes on Aug 5.
Lear Company LEA has an Earnings ESP of +3.05% and carries a Zacks Rank of three, at the moment. The corporate is about to announce quarterly figures on Aug 6.
5 Shares Set to Double
Every was hand-picked by a Zacks knowledgeable because the #1 favourite inventory to realize +100% or extra in 2021. Every comes from a distinct sector and has distinctive qualities and catalysts that would gas distinctive progress. Many of the shares on this report are flying beneath Wall Avenue radar, which supplies an important alternative to get in on the bottom ground.
Right now, See These 5 Potential Residence Runs >>
Click on to get this free report
ParkerHannifin Company (PH): Free Inventory Evaluation Report
Tenneco Inc. (TEN): Free Inventory Evaluation Report
Lear Company (LEA): Free Inventory Evaluation Report
Fox Manufacturing unit Holding Corp. (FOXF): Free Inventory Evaluation Report
To learn this text on Zacks.com click on right here.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.