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NORTH CANTON, Ohio , April 11, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, will release its first-quarter 2024 financial results on Tuesday, April 30, prior to the opening of the New York Stock Exchange. The company will host a conference call that day to discuss its financial performance with investors and securities analysts.
Timken (TKR) reported earnings 30 days ago. What's next for the stock?
Investors looking for stocks in the Metal Products - Procurement and Fabrication sector might want to consider either Norsk Hydro ASA (NHYDY) or Timken (TKR). But which of these two stocks is more attractive to value investors?
Timken (TKR) reports record adjusted earnings and revenues in 2023.
The Timken Company (TKR) Q4 2023 Earnings Call Transcript
The headline numbers for Timken (TKR) 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.
Timken (TKR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
The Timken Company's shares have rallied in the fourth quarter on the back of improved growth prospects and non-demanding valuations. The company produces bearings, power transmission products, and related products and services for various industries, and simply has become a better business over time. Despite a softer third quarter, I see further growth in 2024 and prospects for a valuation re-rating.
Timken (TKR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The market mix that TKR has is impressive and has led to strong revenue growth in the last few years. With steady growth like it has had, I think a higher valuation makes sense. The upside here is in the double digits, and that leaves me to rate TKR a buy for investors seeking a well-run and well-diversified business.