Rockwell Automation: Zacks’ Bull of the Day Play

The industrial and automation industry has been on fire as of late as investors cycle back into the production side of the economy. This has allowed the industry to post market beating performances and move up into top 33% rank territory as well.

However, one name stands out as an extremely strong candidate in the near term, Rockwell Automation (ROKFree Report) , thanks to its recent earnings beat, and its sluggish performance in the last few sessions. This combination could make for an excellent time for investors to jump into this name before others realize what a strong story is taking place in this often overlooked industry player.

Why ROK Now

Rockwell Automation recently reported earnings and the company thoroughly crushed estimates. In fact, ROK beat estimates by over 20% in its most recent quarter, and is posting an average surprise of about 8% in the past four quarters as well.

So, the company is coming off of one of its most impressive earnings reports in more than a year, but it doesn’t appear to be done just yet. ROK has seen surging earnings estimates in recent days, suggesting that the company could see a continuation of its recent and impressive earnings performance.

In just the past week, Rockwell has seen nine estimates go higher for the current year compared to zero lower, while it is sporting a 7:0 ratio in terms of estimates up vs. estimates down in the next year time frame too.

But it isn’t just the number of estimates moving higher, as the company has seen an impressive magnitude shift for the consensus estimate as well. In just the past week, the consensus estimate has moved from $6.07/share to $6.22/share for the full year, and then $6.56/share to $6.78/share for the next year time frame.


Rockwell Automation, Inc. Price, Consensus and EPS Surprise

Rockwell Automation, Inc. Price, Consensus and EPS Surprise | Rockwell Automation, Inc. Quote


No wonder Rockwell Automation has been able to earn itself a Zacks Rank #1 (Strong Buy), and why the company is looking like a solid choice after its decline in the past few sessions.

Bottom Line

ROK is in an in-focus industry that looks to benefit from the current economic climate, as well as an investor emphasis on companies linked to the production world. And with its recent stats in earnings and a solid outlook, it definitely has potential to be a strong performer in the months ahead as well.

So, consider taking a closer look at this industrial name in a top-notch industry. The recent price action could make for an excellent entry point as this company—and others in the segment—remain top choices for investors looking to take a more industrial tilt in their portfolios this year.

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