Snap-on Incorporated · SNA · FY2024 Q4 · Calendar Q1 2025

Snap-on: Margin gains and torque demand offset uneven sales

Snap-on’s current-quarter analysis supports a cautiously constructive operating thesis: resilient vehicle-repair and critical-industry demand, torque-tool strength, and software growth are supporting profitability, but flat revenue, weaker big-ticket financing, macro uncertainty, tariffs, credit risk and currency exposure limit visibility.

Reported Before market openNYSEIndustrials $18.87B market cap
80quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $4.78
EPS surprise — Reported versus consensus
Reported revenue — Consensus $1.20B
Revenue surprise — Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -4.6% Event window
SPY move +0.3% Same window
Abnormal move -4.9% Stock minus SPY
Volume 1.8× Versus trailing sessions
Subsequent drift +0.7% Up to 20 sessions
SNASPY benchmark

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Transcript intelligence

What changed

Compared with the prior quarter, the analysis emphasizes record C&I torque-tool performance, a narrower Tools Group sales gap, and a 150-basis-point RS&I margin improvement. It also identifies a 5.9% year-over-year decline in financial-services loan originations and adds tariff and currency exposure to the key concerns.

Guidance delta

No current-quarter guidance was provided in the supplied analysis; the prior quarter’s guidance sentiment was maintained.

Key takeaways

  • Revenue was essentially flat, while margins improved across all segments.
  • C&I delivered record torque-tool sales and higher profitability.
  • The Tools Group’s quick-payback, small-ticket product pivot narrowed its sales gap.
  • RS&I software growth, including APOLLO+ and Mitchell 1, drove a 150-basis-point margin increase.

Management priorities

  • Maintain approximately $100 million of 2025 capital expenditure for product development and RCI.
  • Expand the torque-tool portfolio and integrate Norbar technologies.
  • Continue rolling out APOLLO+ and other software solutions.
  • Use selective acquisitions and small-ticket product introductions to support the Tools Group pivot.

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Earnings History

Estimate Beat Miss Match
SNA EPS earnings history estimate and actual scatter chart 7 reported fiscal quarters and 4 future estimate-only quarters. Q4 '23 estimate $4.66 Q4 '23 actual $4.75, beat Q1 '24 estimate $4.64 Q1 '24 actual $4.75, beat Q2 '24 estimate $4.94 Q2 '24 actual $5.07, beat Q2 '26 estimate $4.63 Q2 '26 actual $4.72, beat Q3 '26 estimate $4.64 Q3 '26 actual $4.71, beat Q4 '26 estimate $4.93 Q4 '26 actual $4.94, match Q1 '27 estimate $4.75 Q1 '27 actual $4.69, miss Q2 '27 estimate $4.90 Q3 '27 estimate $4.93 Q4 '27 estimate $5.16 Q1 '28 estimate $5.07

Analyst Consensus ?

ConsensusBuy18 ratings
Bullish1266.7%
Neutral422.2%
Bearish211.1%

Analyst 52W Price Targets

$364.87Current
$240Low
$392.22Average
$485High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 20, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Barclays Overweight OverweightMaintainOct 6, 2026
Tigress Financial Buy BuyMaintainJul 31, 2026
Roth Capital Buy BuyMaintainJul 24, 2026
Baird Neutral NeutralMaintainApr 24, 2026
Barrington Research Outperform OutperformMaintainOct 15, 2025
Show 13 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $364.87. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
BarclaysAnalyst unavailable$435$367.4 +19.2%Oct 6, 2026
Tigress FinancialIvan Feinseth$485$412.34 +32.9%Jul 31, 2026
Roth CapitalScott Stember$461$400.78 +26.3%Jul 24, 2026
Robert W. BairdLuke Junk$415$395.41 +13.7%Jul 24, 2026
BarclaysAnalyst unavailable$420$372.13 +15.1%May 28, 2026
See 18 more

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Company context

Snapshot as of publication

Snap-on Incorporated, a global provider based in Kenosha, Wisconsin, specializes in the production and distribution of an extensive range of tools, equipment, diagnostic systems, and repair information solutions for professional users worldwide. The company operates through its Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments. Its comprehensive product portfolio includes a diverse selection of hand tools like wrenches, sockets, pliers, screwdrivers, cutting and pruning tools, and torque measuring instruments. Snap-on also supplies various power tools (cordless, pneumatic, hydraulic, and corded) and robust tool storage solutions such as chests and roll cabinets.…

Historical context

All SNA earnings

Industrials peers this season

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JBHT J.B. Hunt Transport Services, Inc. FY2026 Q3 · Calendar Q4 2026 +0.6% -2.0% J.B. Hunt: Strong demand, but margin repair remains central
FAST Fastenal Company FY2026 Q3 · Calendar Q4 2026 +3.3% +1.1% Fastenal Q3: Share Gains and Digital Adoption Lift Growth

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-01-25T04:06:24.109341+00:00
  3. Polygon adjusted daily market bars · 2026-10-20T05:30:41.519030+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-20T05:30:41.515889+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-20. For educational purposes only; not investment advice.