7 Reasons To Add Rockwell Automation To Your Portfolio Now
Zacks Investment Research | May 17, 2017 10:08PM ET
Shares of Rockwell Automation Inc. (NYSE:ROK) , the original equipment manufacturer (OEM) of industrial automation equipment, application specific integrated software and consulting design services, have been performing well of late.
If you haven’t taken advantage of the share price appreciation yet, the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead. The Zacks Rank #1 (Strong Buy) stock has an estimated long-term earnings growth rate of 10.63%.
Estimates Northbound
Estimates for Rockwell Automation have moved up over the past 30 days, reflecting the optimistic outlook of analysts. The earnings estimate for third-quarter fiscal 2017, fiscal 2017 and 2018 have all gone up in the last 30 days.
For third-quarter fiscal 2017, the Zacks Consensus Estimate for earnings has gone up 5.8% over the past 30 days and is pegged at $1.64, depicting year-over-year growth of 5.8%. The estimate for fiscal 2017 climbed 5.9% to $6.64, reflecting 20% year-over-year growth. The Zacks Consensus Estimate for fiscal 2018 also moved north 6.3% to $7.27.
Positive Earnings Surprise History
Rockwell Automation outpaced the Zacks Consensus Estimate over the trailing four quarters, generating a positive average earnings surprise of 9.89%.
Ahead of the Industry
The company has outperformed the Zacks categorized Zacks Investment Research
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