Rockwell Automation (ROK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Rockwell Automation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Organic Sales - Total Growth: 10% versus the four-analyst average estimate of 6.6%.
• Sales- Intelligent Devices: $1.08 billion versus the four-analyst average estimate of $1.04 billion. The reported number represents a year-over-year change of +11.6%.
• Sales- Lifecycle Services: $482 million compared to the $504.73 million average estimate based on four analysts. The reported number represents a change of -11.9% year over year.
• Sales- Software & Control: $751 million compared to the $700.02 million average estimate based on four analysts. The reported number represents a change of +19.4% year over year.
• Operating earnings- Intelligent Devices: $216 million versus the three-analyst average estimate of $217.63 million.
• Operating earnings- Lifecycle Services: $73 million versus $76.73 million estimated by three analysts on average.
• Operating earnings- Software & Control: $261 million compared to the $234.53 million average estimate based on three analysts.

View all Key Company Metrics for Rockwell Automation here>>>

Shares of Rockwell Automation have returned -0.4% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Research Chief Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research