T. H. Data Flash – AO Smith – June 2016: AOS 2Q16 Revenue May Just be In Line with Consensus
- Date: Jul 25, 2016
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AOS will report 2Q16 results on Tuesday, July 26 before the market opens. According to our data tracked from the largest e-commerce channels in China,Tmall.com and JD.com, we project AO Smith’s China sales to grow about 13% Y/Y in USD term after taking into consideration the unfavorable impact of currency depreciation of about 7%. If all our modeling assumptions are right, and based on our data, we believe AOS total sales may just be inline with consensus at 6% Y/Y decline.