Watch Barnes Group's
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on Barnes Group with four of seven analysts rating it hold. Analysts still rate the stock a hold, but they are a bit more wary about it compared to three months ago.
- Revenue Forecasts: On average, analysts predict $310.6 million in revenue this quarter. That would represent a decline of 2.6% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $0.44 per share. Estimates range from $0.42 to $0.47.
What our community says:
CAPS All-Stars are strongly supporting the stock, with 95.3% giving it an "outperform" rating. Most of the community backs the All-Stars, with 92.1% awarding it a rating of "outperform." Even with a robust four out of five stars, Barnes Group's CAPS rating falls a little short of the community's upbeat outlook.
Barnes Group's profit has risen year-over-year by an average of 16.6% over the past five quarters. A year-over-year revenue decrease last quarter snaps a streak of three consecutive quarters of revenue increases. The company's gross margin shrank by 11.9 percentage points in the last quarter. Revenue fell 30.4% while cost of sales fell 17.6% to $151 million from a year earlier.
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