Stock Track | Ametek Inc Plunges 5.94% in Pre-market Despite Q4 Beat as Guidance Disappoints

Stock Track02-03

Ametek Inc's stock plummeted 5.94% in pre-market trading on Tuesday, following the release of its fourth-quarter earnings report. The sharp decline comes despite the company reporting better-than-expected results for the quarter.

The manufacturer of electronic instruments and electromechanical devices reported adjusted earnings of $2.01 per share for Q4, beating the FactSet consensus estimate of $1.94. Net sales reached $2 billion, also exceeding analyst expectations of $1.95 billion and representing a 13% increase from the prior year.

However, investors appeared focused on the company's forward guidance. Ametek provided Q1 adjusted earnings guidance in the range of $1.85 to $1.90 per share, with the midpoint falling below the analyst expectation of $1.90. For the full year 2026, the company expects adjusted earnings of $7.87 to $8.07 per share, which also trails the analyst consensus of $8.02. This guidance disappointment appears to be driving the pre-market selloff despite the strong quarterly performance.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment