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Although the revenue and EPS for Barnes Group (B) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Barnes Group (B) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.47 per share a year ago.
Barnes Group (B) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Weakness in the motion control solutions business within the Industrial segment is weighing on Barnes (B). Rising costs are an added concern for the company.
The expansion of Barnes' (B) MRO facility in East Granby will bolster its capability to cater to solid demand for existing and new engine programs.
Barnes (B) completes the divestiture of its Spring and H??nggi businesses for $175 million to focus more on its core business.
The global economy is taking a turn this quarter, with the United States and China leading the way. After reporting a year of consecutive contraction, the U.S. manufacturing sector has finally pushed out its first expansionary reading during March 2024.
Barnes Group's (B) Q4 revenues increase 32.6% year over year, driven by the impressive performance of its Aerospace segment.
The headline numbers for Barnes Group (B) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Barnes Group (B) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.52 per share a year ago.