Materion Corporation MTRN is set to release third-quarter 2019 results before the opening bell on Oct 24.The integrated producer of high performance advanced engineered materials beat the Zacks Consensus Estimate for earnings in the trailing four quarters, with an average positive surprise of 23.59%.What do the Estimates Say?The Zacks Consensus Estimate for revenues for the third quarter of 2019 is currently pegged at $295.7 million, indicating a decline of 0.5% from the year-ago quarter. The estimate for earnings stands at 82 cents, suggesting an improvement of 20.59% from the prior-year reported figure. Notably, the earnings estimate for the to-be-reported quarter has been stable in the last 30 days.Materion Corporation Price and EPS Surprise Materion Corporation price-eps-surprise | Materion Corporation QuoteA Sneak Peak into Q2 PerformanceMaterion had reported earnings per share of 88 cents in the second quarter, a year-over-year improvement of 63%. However, revenues declined 4% year over year to $297.8 million in the quarter. Materion’s shares have gained 14.2% year to date, against the industry’s decline of 3%.Let’s see how things are shaping up for this announcement.Factors at PlayMaterion’s third-quarter results are likely to reflect the benefits of cost saving actions and manufacturing performance improvement initiatives. Further, strength in end markets like aerospace and defense, energy, to name a few, are likely to have negated the impact of automotive and semiconductor markets in the quarter to be reported.During the third quarter, the semiconductor and automotive markets continued to be weak, which might reflect on the company’s sales. The semiconductor end market remained weak primarily owing to reduced demand for smartphone devices. Meanwhile, the automotive end market remained soft, particularly in Europe and Asia. However, given that the company caters to a wide range of end-markets, strength in other markets such as aerospace and defense, energy and telecom data center is anticipated to have offset these impacts. Further, the change in precious metal and copper prices is likely to have impacted Materion’s net sales in the third quarter of 2019.The company’s commercial and manufacturing performance improvement initiatives and general cost reductions is anticipated to get reflected in the third-quarter margins. Nevertheless, the bottom line is expected to reflect higher SG&A expenses owing to investments to execute strategic initiatives for commercial excellence and variable costs to improve revenues.The company expects earnings in the third quarter of 2019 earnings to be approximately 10% to 20% higher than prior-year quarter’s adjusted earnings of 68 cents.Earnings WhispersOur proven model does not conclusively predict an earnings beat for Materion this season. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Unfortunately, that is not the case here, as you will see below.Earnings ESP: The Earnings ESP for the company is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Zacks Rank: Materion currently has a Zacks Rank #3.Stocks to ConsiderHere are some companies in the basic materials space you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:Agnico Eagle Mines Limited AEM, scheduled to release earnings on Oct 23, has an Earnings ESP of +7.93% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.Kinross Gold Corporation KGC, scheduled to release earnings on Nov 6, has an Earnings ESP of +25.93% and a Zacks Rank #1.Barrick Gold Corporation GOLD, scheduled to release earnings on Nov 6, has an Earnings ESP of +1.89% and a Zacks Rank #3.Biggest Tech Breakthrough in a GenerationBe among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.See 7 breakthrough stocks now>>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 report Kinross Gold Corporation (KGC): Free Stock Analysis Report Barrick Gold Corporation (GOLD): Free Stock Analysis Report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Materion Corporation (MTRN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research