The Oil & Gas Journal, first published in 1902, is the world's most widely read petroleum industry publication. OGJ delivers international oil and gas industry news; analysis of issues and events; practical technology for design, operation, and maintenance of oil and gas operations; and important statistics on energy markets and industry activity.

OGJ is edited to meet the needs of engineers, geoscientists, managers, and executives throughout the oil and gas industry. It is part of Endeavor Business Media, Nashville, Tenn., which also publishes Offshore Magazine.

Endeavor Business Media’s Petroleum Group also produces targeted e-Newsletters; hosts global conferences and exhibitions, seminars, and forums; and publishes directories, technical books, print and electronic databases, surveys, and maps.

Additional Information

Website & Technical Help

For help with subscription purchases or refunds, or trouble logging into the paid subscription content on www.ogj.com, please contact Customer Service at [email protected] or call 1-847-559-7598.

For more customer service information, please click here.

Rockwell Automation (ROK) To Report Earnings Tomorrow: Here Is What To Expect

ROK Cover Image

Industrials automation company Rockwell (NYSE: ROK) will be announcing earnings results tomorrow morning. Here’s what to look for.

Rockwell Automation met analysts’ revenue expectations last quarter, reporting revenues of $2.05 billion, down 8.4% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ earnings and EBITDA estimates.

Is Rockwell Automation a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Rockwell Automation’s revenue to decline 18.8% year on year to $2.08 billion, a reversal from the 20.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.47 per share.

Rockwell Automation Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Rockwell Automation has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Rockwell Automation’s peers in the internet of things segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vontier’s revenues decreased 2% year on year, beating analysts’ expectations by 2.8%, and AMETEK reported revenues up 5.3%, in line with consensus estimates. Vontier traded up 8.5% following the results while AMETEK was also up 5.6%.

Read our full analysis of Vontier’s results here and AMETEK’s results here.

There has been positive sentiment among investors in the internet of things segment, with share prices up 2.7% on average over the last month. Rockwell Automation is up 2.4% during the same time and is heading into earnings with an average analyst price target of $278.20 (compared to the current share price of $272.51).

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.