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Crane (CR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Crane has undergone significant changes, splitting up the business, as shares have been on a tear. The company reported solid financial results for the standalone business, with revenues and adjusted earnings exceeding expectations. Crane has made acquisitions to fuel growth, but the current valuation of the company is considered too demanding.

Crane Co. CR, -1.70% shares rose more than 5% in the extended session Monday after the industrials company reported third-quarter earnings that beat Wall Street expectations and said it was on the prowl for more acquisitions. Crane swung to a profit of $55 million, or 85 cents a share, in the quarter, contrasting with a loss of $59 million, or $1.06 a share, in the year-ago quarter.

Investors interested in stocks from the Manufacturing - General Industrial sector have probably already heard of Crane (CR) and Atlas Copco AB (ATLKY). But which of these two stocks is more attractive to value investors?

Crane (CR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Crane's third quarter results were mixed, with weaker-than-peer organic revenue growth but better-than-expected margins and strong orders. Process Flow and Aerospace & Electronics should be somewhat countercyclical in 2023 as shorter-cycle demand slows but these longer-cycle businesses deliver on backlogs.