Analyst Consensus ?
ConsensusBuy18 ratings
Bullish1266.7%
Neutral422.2%
Bearish211.1%
Snap-on Incorporated · SNA · FY2026 Q3 · Calendar Q4 2026
Snap-on: C&I strength offsets tools and diesel headwinds
The quarter provides mixed evidence for a durable-growth thesis: C&I demand, critical-industry activity, new products, and stable gross margin are constructive, but overall organic sales declined and the Tools Group remains under pressure. The next test is whether product innovation and technician demand can offset diesel, OEM, and material-cost headwinds.
Reported Before market openNYSEIndustrials
$19.08B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $4.93
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $1.24B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-3.4%
Event window
SPY move
-1.2%
Same window
Abnormal move
-2.2%
Stock minus SPY
Volume
3.8×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
SNASPY benchmark
Ask FN2 about SNA FY2026 Q3
Transcript, numbers and history already loaded
What drove SNA's -3.4% move after FY2026 Q3 earnings?What changed in SNA's guidance and outlook in FY2026 Q3?Give me the bull and bear case for SNA after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, the analysis shifted from 4.7% revenue growth and a confident maintained-guidance backdrop to flat reported sales, a 2.8% organic decline, and no current-quarter guidance update. C&I remained the relative bright spot, while diesel-driven franchisee inventory reductions and Tools Group margin pressure became more prominent.
Guidance delta
No current-quarter guidance update was provided. Prior-quarter guidance sentiment was maintained.
Key takeaways
- Sales were described as flat, with a 2.8% organic decline, while C&I delivered 7.4% organic growth and a record operating margin.
- Gross margin held at 51% despite higher material costs and diesel-related headwinds.
- Franchisees drew down inventory amid a roughly 40% diesel-price increase, while technician demand for power tools remained stable.
- New products and AI-enabled parts lookup support the growth case, but Tools Group volume and mix remain pressure points.
Management priorities
- Roll out CTR 51 and CT9.05 power-tool innovations.
- Expand custom critical-industry solutions globally.
- Continue investment in brand, training, and field support.
- Maintain dividends and share repurchases while pursuing strategic acquisitions.
- Keep full-year capital expenditure near $100 million.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$356.46Current
$240Low
$392.22Average
$485High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 22, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Overweight | Overweight | Maintain | Oct 6, 2026 |
| Tigress Financial | Buy | Buy | Maintain | Jul 31, 2026 |
| Roth Capital | Buy | Buy | Maintain | Jul 24, 2026 |
| Baird | Neutral | Neutral | Maintain | Apr 24, 2026 |
| Barrington Research | Outperform | Outperform | Maintain | Oct 15, 2025 |
| B of A Securities | Underperform | Underperform | Maintain | Jul 18, 2025 |
| Longbow Research | Buy | Neutral | Upgrade | Mar 31, 2025 |
| Roth MKM | Buy | Buy | Maintain | Oct 22, 2024 |
| Oppenheimer | Perform | Outperform | Downgrade | Dec 6, 2022 |
| MKM Partners | Neutral | Neutral | Maintain | Jun 10, 2022 |
| UBS | Sell | Sell | Maintain | Sep 16, 2020 |
| Bank of America | Neutral | Buy | Downgrade | Apr 16, 2019 |
| CL King | Buy | Buy | Maintain | Jun 28, 2016 |
| Northcoast Research | Buy | Buy | Maintain | Mar 18, 2015 |
| Wunderlich Securities | Buy | Buy | Maintain | Dec 2, 2014 |
| Wunderlich | Buy | Buy | Maintain | Dec 2, 2014 |
| Janney Montgomery Scott | Buy | Neutral | Upgrade | Sep 11, 2013 |
| Janney Capital | Buy | Neutral | Upgrade | Sep 11, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $356.46. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Analyst unavailable | $435 | $367.4 | +22.0% | Oct 6, 2026 |
| Tigress Financial | Ivan Feinseth | $485 | $412.34 | +36.1% | Jul 31, 2026 |
| Roth Capital | Scott Stember | $461 | $400.78 | +29.3% | Jul 24, 2026 |
| Robert W. Baird | Luke Junk | $415 | $395.41 | +16.4% | Jul 24, 2026 |
| Barclays | Analyst unavailable | $420 | $372.13 | +17.8% | May 28, 2026 |
| Roth Capital | Scott Stember | $431 | $389.52 | +20.9% | Apr 24, 2026 |
| Robert W. Baird | Analyst unavailable | $395 | $390.75 | +10.8% | Apr 24, 2026 |
| Robert W. Baird | Luke Junk | $380 | $386.86 | +6.6% | Apr 21, 2026 |
| Roth Capital | Analyst unavailable | $409 | $369.01 | +14.7% | Feb 10, 2026 |
| Robert W. Baird | Luke Junk | $375 | $369.21 | +5.2% | Feb 6, 2026 |
| Robert W. Baird | Analyst unavailable | $370 | $366.63 | +3.8% | Jan 30, 2026 |
| Tigress Financial | Analyst unavailable | $405 | $345.96 | +13.6% | Oct 21, 2025 |
| Robert W. Baird | Analyst unavailable | $365 | $337.81 | +2.4% | Oct 17, 2025 |
| Roth Capital | Analyst unavailable | $385 | $340.8 | +8.0% | Oct 17, 2025 |
| Tigress Financial | Ivan Feinseth | $395 | $325.27 | +10.8% | Aug 29, 2025 |
| Robert W. Baird | Luke Junk | $347 | $337.94 | -2.7% | Jul 18, 2025 |
| Tigress Financial | Analyst unavailable | $390 | $334.08 | +9.4% | Mar 3, 2025 |
| CFRA | Jonathan Sakraida | $285 | $275.74 | -20.0% | Sep 10, 2024 |
| Tigress Financial | Ivan Feinseth | $336 | $273.47 | -5.7% | Jul 25, 2024 |
| Robert W. Baird | Luke Junk | $282 | $261.76 | -20.9% | Apr 19, 2024 |
| CFRA | Jonathan Sakraida | $265 | $294.63 | -25.7% | Apr 2, 2024 |
| Tigress Financial | Elizabeth Suzuki | $240 | $297.61 | -32.7% | Mar 11, 2024 |
| Tigress Financial | Analyst unavailable | $298 | $223.26 | -16.4% | Apr 26, 2022 |
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Start freeCompany context
Snapshot as of publicationSnap-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 earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| BE Bloom Energy Corporation | FY2026 Q3 · Calendar Q4 2026 | — | -8.7% | Bloom Energy Raises Revenue Outlook as AI Power Demand Drives Growth |
| HON Honeywell International Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +1.7% | Honeywell raises 2026 outlook as backlog and Forge support growth |
| ROL Rollins, Inc. | FY2026 Q3 · Calendar Q4 2026 | -1.4% | +5.6% | Rollins lowers growth outlook as AI search pressures residential demand |
| URI United Rentals, Inc. | FY2026 Q3 · Calendar Q4 2026 | +11.3% | +3.9% | United Rentals Q3: Records, Raised Guidance and Strong Specialty Demand |
| LMT Lockheed Martin Corporation | FY2026 Q3 · Calendar Q4 2026 | — | +7.0% | Lockheed raises 2026 sales outlook as backlog reaches $292 billion |
| LUV Southwest Airlines Co. | FY2026 Q3 · Calendar Q4 2026 | +15.6% | +4.3% | Southwest maintains guidance as demand and loyalty initiatives support Q3 |
Latest beats and misses
Who reports nextBeat on EPS
- MEDPFY2026 Q3 · October 21, 2026+9.0% EPS-1.3% move
- MOHFY2026 Q3 · October 21, 2026+12.7% EPS+0.8% move
- PNFPFY2026 Q3 · October 21, 2026+2.7% EPS+2.3% move
- SCCOFY2026 Q3 · October 21, 2026+6.4% EPS-2.1% move
- PKGFY2026 Q3 · October 21, 2026+3.8% EPS+4.2% move
- URIFY2026 Q3 · October 21, 2026+11.3% EPS+3.9% move
Missed on EPS
- ROLFY2026 Q3 · October 21, 2026-1.4% EPS+5.6% move
- GGGFY2026 Q3 · October 21, 2026-2.5% EPS-16.6% move
- GL-PDFY2026 Q3 · October 21, 2026-1.2% EPS— move
- GLFY2026 Q3 · October 21, 2026-1.2% EPS-3.8% move
- METAFY2026 Q3 · October 21, 2026-41.4% EPS+0.5% move
- LVSFY2026 Q3 · October 21, 2026-20.9% EPS-1.7% move
Get the SNA recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-10-22T17:06:02.366438+00:00
- FN2 earnings calendar · 2026-10-22T01:23:13.354406+00:00
- Polygon adjusted daily market bars · 2026-10-22T22:50:41.267693+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-22T22:50:41.265073+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 2026-10-22. For educational purposes only; not investment advice.