Credit: Shutterstock photoPraxair Inc.PX engages in the production and distribution of industrial gases, primarily in North America, South America, Europe and Asia. Increased applications of industrial gases in industries like healthcare, petroleum refining, computer-chip manufacturing, beverage carbonation, fiber-optics, steel making, aerospace, chemicals and water treatment is a boon for the company. This Danbury, CT-based company has a $46.1 billion market capitalization.
However, the company face headwinds from unfavorable foreign currency movements, geopolitical issues and a competitive business environment.
Praxair delivered better-than-expected results in three of last four trailing quarters and in-line results in one, with a positive average earnings surprise of 2.32%.
Praxair, Inc. Price and EPS Surprise
Praxair, Inc. Price and EPS Surprise | Praxair, Inc. Quote
Currently, Praxair carries a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here . We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Praxair's earnings came in at $1.52 per share in fourth-quarter 2017. The bottom line result came in above the Zacks Consensus Estimate of $1.48.
Revenue: Revenues surpassed. Praxair generated revenues of $2,953 million. The top-line result came in above the Zacks Consensus Estimate of $2.85 billion.
Key Stats to Note: For the first quarter of 2018, Praxair anticipates earnings per share to be within $.53-$1.58 range. Merger of the company with Linde is anticipated to be complete in the second half of 2018.
Stock Price: Praxair shares were up 1.03% ahead of the report.
Check back our full write up on this PX earnings report later!
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Praxair, Inc. (PX): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
