Skip to main content

Crane (CR) Q4 Earnings Report Preview: What To Look For

CR Cover Image

Industrial conglomerate Crane (NYSE: CR) will be reporting earnings this Monday afternoon. Here’s what you need to know.

Crane beat analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $589.2 million, up 7.5% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and a solid beat of analysts’ EBITDA estimates.

Is Crane a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Crane’s revenue to grow 4.8% year on year to $570 million, slowing from the 12.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.41 per share.

Crane Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Crane has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Crane’s peers in the industrial machinery segment, some have already reported their Q4 results, giving us a hint as to what we can expect. GE Aerospace delivered year-on-year revenue growth of 17.6%, beating analysts’ expectations by 13.9%, and 3M reported revenues up 3.7%, topping estimates by 1.5%. GE Aerospace traded down 7.7% following the results while 3M was also down 7.1%.

Read our full analysis of GE Aerospace’s results here and 3M’s results here.

There has been positive sentiment among investors in the industrial machinery segment, with share prices up 8.3% on average over the last month. Crane is up 8.8% during the same time and is heading into earnings with an average analyst price target of $213.17 (compared to the current share price of $204.00).

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

Recent Quotes

View More
Symbol Price Change (%)
AMZN  239.16
+4.82 (2.06%)
AAPL  248.04
-0.31 (-0.12%)
AMD  259.68
+5.95 (2.35%)
BAC  51.72
-0.73 (-1.39%)
GOOG  328.43
-2.41 (-0.73%)
META  658.76
+11.13 (1.72%)
MSFT  465.95
+14.81 (3.28%)
NVDA  187.67
+2.83 (1.53%)
ORCL  177.16
-1.02 (-0.57%)
TSLA  449.06
-0.30 (-0.07%)
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 Privacy Policy and Terms Of Service.