A.O. Smith Corporation ($AOS) Stock Forecast: Down 8.3% Today

What is A.O. Smith Corporation?

Stock: A.O. Smith (AOS) A.O. Smith Corporation (AOS) is a company that provides water heating and treatment solutions. Today, the stock experienced a strong bearish movement in the market.

Why is A.O. Smith Corporation going down?

AOS stock is down 8.3% on Jul 23, 2024 17:21

• A.O. Smith reported earnings per share (EPS) of $1.06 for Q2 2024, meeting analyst estimates.
• However, the stock had a bearish movement possibly due to the fact that the EPS missed estimates, despite revenue beating expectations.
• Investors might have reacted negatively to the missed EPS estimate, leading to the bearish market movement.
• The discrepancy between meeting revenue expectations and missing EPS estimates could have caused uncertainty among investors, resulting in the stock's decline.

AOS Price Chart

AOS Technical Analysis

AOS News

AOS Stock Earnings: A.O. Smith Meets EPS, Beats Revenue for Q2 2024

A.O. Smith (NYSE:AOS) just reported results for the second quarter of 2024. A.O. Smith reported earnings per share of $1.06. This met the analyst estimate for EPS of $1.06. The company reported revenue of $1.02 billion. This was 2.63% better than the analyst estimate for revenue of $997.75 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/aos-stock-earnings-a-o-smith-for-q2-of-2024/

A.O. Smith Corp (AOS) Q2 2024 Earnings: EPS of $1.06 Misses Estimate, Revenue of $1. ...

A.O. Smith Corp (AOS) Q2 2024 Earnings: EPS of $1.06 Misses Estimate, Revenue of $1.024 Billion Beats Estimate

https://www.gurufocus.com/news/2478780/ao-smith-corp-aos-q2-2024-earnings-eps-of-106-misses-estimate-revenue-of-1024-billion-beats-estimate

A. O. Smith''s (NYSE:AOS) Q2: Beats On Revenue

Water heating and treatment solutions company A.O. Smith (NYSE:AOS) beat analysts'' expectations in Q2 CY2024, with revenue up 6.6% year on year to $1.02 billion. The company expects the full year''s revenue to be around $4.01 billion, in line with analysts'' estimates. It made a non-GAAP profit of $1.06 per share, improving from its profit of $1.01 per share in the same quarter last year.

https://stockstory.org/nyse/aos/earnings/a-o-smiths-nyseaos-q2-beats-on-revenue

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A.O. Smith Corporation Price History

26.09.2023 - AOS Stock was up 5.6%

• AOS's bullish movement could be attributed to positive market sentiment towards the HVAC industry, driven by increasing awareness and adoption of energy-efficient solutions.
• The earnings reports of other companies in related industries, such as TotalEnergies and STMicroelectronics, might have provided a positive outlook for the overall market, boosting investor confidence in AOS.
• The projected earnings of ASE Tech Holding Co and Takeda Pharmaceutical might have indicated a positive economic environment, which could have had a spillover effect on AOS's stock performance.
• Overall, the bullish movement in AOS's stock today could be a result of a combination of favorable market conditions, positive earnings reports from related companies, and investor optimism towards the HVAC industry.

16.04.2024 - AOS Stock was down 1.1%

• The recent release of an ultra-low capacitance TVS diode series by the company could have fallen short of market expectations, contributing to the bearish movement.
• While not directly related, the retirement announcement of A. O. Smith SVP Mark Petrarca may have introduced some uncertainty into the market sentiment, potentially impacting the company's stock.
• Investors might be viewing these occurrences as indicators of possible internal shifts within the company, resulting in a sell-off of stocks.
• The market appears to be reassessing the company's future growth potential in light of these developments, influencing the bearish movement witnessed today.

25.03.2024 - AOS Stock was down 5.7%

• A.O. Smith (AOS) surpassed earnings per share (EPS) projections but fell short of revenue forecasts in the first quarter of 2024.
• The contrast between outperforming in EPS and underperforming in revenue likely triggered concerns among investors, influencing the stock's bearish movement.
• Investor response to the revenue shortfall may signal apprehensions about the company's future growth prospects despite the positive EPS results.
• The market seems to interpret the revenue miss as a potential indicator of forthcoming challenges for A.O. Smith, contributing to the stock's bearish performance.

11.06.2024 - AOS Stock was up 5.2%

• AOS stock experienced a strong bullish movement likely due to its reputation as a good dividend growth stock.
• Positive sentiment around AOS may have attracted more investors, leading to price increases.
• The overall strength in the AI sector in the second quarter likely played a role in AOS's positive movement as investors explore growth opportunities in this sector.

23.06.2024 - AOS Stock was down 8.3%

• A.O. Smith reported earnings per share (EPS) of $1.06 for Q2 2024, meeting analyst estimates.
• However, the stock had a bearish movement possibly due to the fact that the EPS missed estimates, despite revenue beating expectations.
• Investors might have reacted negatively to the missed EPS estimate, leading to the bearish market movement.
• The discrepancy between meeting revenue expectations and missing EPS estimates could have caused uncertainty among investors, resulting in the stock's decline.

23.06.2024 - AOS Stock was down 6.4%

• A.O. Smith Corp (AOS) reported Q2 earnings with revenue beating estimates but EPS missing expectations. This mixed performance could have contributed to the bearish movement.
• Investors might have reacted negatively to the EPS miss despite the revenue beat, leading to a sell-off of AOS shares.
• The discrepancy between revenue and EPS performance could have raised concerns about the company's profitability and efficiency in managing costs, impacting the stock price negatively.