What to Expect From AMETEK's Next Quarterly Earnings Report

Berwyn, Pennsylvania-based AMETEK, Inc. (AME) manufactures and sells electronic instruments and electromechanical devices. It operates through the Electronic Instruments Group (EIG) and the Electromechanical Group (EMG) segments. With a market cap of $39.2 billion, AMETEK’s operations span the Americas, Asia, Europe, and internationally. It is expected to release its Q3 earnings before the market opens on Thursday, Oct. 31.

Ahead of the event, analysts expect AMETEK to report a profit of $1.62 per share, down 1.2% from $1.64 per share reported in the year-ago quarter. The company has consistently surpassed Wall Street’s adjusted EPS projections in each of the past four quarters. Its adjusted EPS for the last reported quarter grew 5.7% year-over-year to $1.66, exceeding the consensus estimates by 1.2%