T. H. Data Flash – AO Smith (AOS) – September 2017: AOS China Sales May Slow Down in 3Q17; 3Q17 Revenue May Be At Best In Line with Consensus

AOS will report 3Q17 results on Wednesday, October 25th before the market opens followed by a 10am EST conference call. According to our data tracked from the largest e-commerce channels in China, mainly Tmall.com, we project China sales of A. O. Smith in 3Q17 to be $241.3M, up 12% Y/Y in constant USD currency. Based on our data and calculations, our 3Q17 revenue projection at about $742.5M is in line with consensus at $742.09M. And, there is a chance that the company’s revenue may come in below consensus as our estimates are not conservative.

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