This story originally appeared on Zacks
A.O. Smith (AOS) closed the most recent trading day at $83.54, moving -1.67% from the previous trading session. This move was narrower than the S&P 500’s daily loss of 1.94%. At the same time, the Dow lost 1.07%, and the tech-heavy Nasdaq lost 0.39%.
Prior to today’s trading, shares of the maker of water heaters and boilers had gained 2.5% over the past month. This has lagged the Industrial Products sector’s gain of 4.53% and the S&P 500’s gain of 5.72% in that time.
Wall Street will be looking for positivity from A.O. Smith as it approaches its next earnings report date. In that report, analysts expect A.O. Smith to post earnings of $0.77 per share. This would mark year-over-year growth of 4.05%. Meanwhile, our latest consensus estimate is calling for revenue of…