In the Jan-Mar 2016 quarter, macro headwinds, including economic uncertainties in some developed and emerging nations, soft commodity prices and forex woes, played spoilsport for many industries, including Industrial Products.According to the Zacks Industry classification, the Machinery industry is broadly grouped under Industrial Products, one of the 16 broad Zacks sectors. Below we briefly discuss the broader sectors’ earnings trend so far in the Jan-Mar quarter.Per our report dated May 6, roughly 95.2% of industrial products stocks (accounting for 2% of the S&P 500 index’s total market capitalization) in the S&P 500 Group reported results for the Jan-Mar quarter, recording a decline of 21.3% in earnings and 8.6% in revenues.With results unlikely to improve, earnings for the Industrial Products sector are expected to decline 22.8% in the quarter; while revenues will likely fall 9.4%.What’s in Store for 2 Machinery Stocks, DXPE and MFS?Below we discuss briefly the expectations from the upcoming results (Jan-Mar quarter) for two machinery stocks:DXP Enterprises, Inc. DXPE: This machinery company is slated to release its first-quarter 2016 results on May 13, before the market opens. In the last four trailing quarters, the company reported below-expected results in two while surpassing estimates in the rest with an average negative earnings surprise of 2.00%.Our proven model does not conclusively show that DXP Enterprises is likely to beat earnings this quarter. This is because the company lacks the right combination of two key ingredients — a positive Earnings ESP (the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate) and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold). The company currently carries a Zacks Rank #3. Although this increases the predictive power of ESP, the company’s 0.00% ESP makes surprise prediction difficult. Over the last 60 days, the Zacks Consensus Estimate for the stock has decreased 10.0% to 9 cents for first-quarter 2016.Manitowoc Foodservice, Inc. MFS: This machinery stock is slated to release its first-quarter 2016 results on May 12, before the market opens.Our proven model does not conclusively show that Manitowoc Foodservice will beat earnings this quarter because it currently carries a Zacks Rank #3 and a 0.00% Earnings ESP. The Zacks Consensus Estimate for earnings for the stock is currently pegged at 10 cents for first-quarter 2016.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report DXP ENTERPRISES (DXPE): Free Stock Analysis Report MANITOWOC FOODS (MFS): Get Free Report To read this article on Zacks.com click here. Zacks Investment Research