Actuant Corp (ATU – Free Report) is a Zacks Rank #5 (Strong Sell) and despite the fact that it recently beat the Zacks Consensus Estimate, the stock dropped and estimates have fallen. Let’s take a deeper look in this Bear Of The Day article.

Description

Actuant Corporation is a diversified industrial company serving customers from operations in more than 30 countries. Actuant business operations are divided into three segments focused on the markets serve. The Actuant businesses are leaders in a broad array of niche markets including branded hydraulic tools and solutions; specialized products and services for energy markets and highly engineered position and motion control systems. Actuant promotes economic, social and environmental practices that benefits the customers, employees, shareholders and local communities. Actuant is dedicated to working towards achieving industry best practices in areas of social objectives, corporate governance, and health, safety, security, and environment. Actuant Corporation is a diversified industrial company serving customers from operations in more than 30 countries. Actuant business operations are divided into three segments focused on the markets serve.

The Actuant businesses are leaders in a broad array of niche markets including branded hydraulic tools and solutions; specialized products and services for energy markets and highly engineered position and motion control systems. Actuant promotes economic, social and environmental practices that benefits the customers, employees, shareholders and local communities. Actuant is dedicated to working towards achieving industry best practices in areas of social objectives, corporate governance, and health, safety, security, and environment.

Recent Earnings

Even with the recent earnings report coming in at $0.39 and that was $0.04 better than the Zacks Consensus Estimate, the stock and estimates dropped.Sure the beat translates to an 11% positive earnings surprise, but investors are keyed in on the future, not the past.