Emerson Electric (EMR - Free Report) reported $4.09 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 23.7%. EPS of $1.29 for the same period compares to $1.53 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.2 billion, representing a surprise of -2.72%. The company delivered an EPS surprise of -0.77%, with the consensus EPS estimate being $1.30.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Emerson Electric performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- AspenTech: $249 million versus the three-analyst average estimate of $274.76 million. The reported number represents a year-over-year change of -0.8%.
- Revenue- Intelligent Devices: $3.15 billion versus $3.21 billion estimated by three analysts on average.
- Revenue- Software And Control - Control Systems & Software: $714 million compared to the $726.99 million average estimate based on three analysts.
- Revenue- Intelligent Devices - Final Control: $1.08 billion versus the three-analyst average estimate of $1.09 billion.
- Revenue- Eliminations: -$19 million versus -$23.88 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1800% change.
- Revenue- Intelligent Devices - Discrete Automation: $666 million compared to the $768.09 million average estimate based on three analysts.
- Revenue- Intelligent Devices - Safety & Productivity: $354 million versus the three-analyst average estimate of $360.74 million.
- Revenue- Software And Control: $963 million versus the three-analyst average estimate of $1 billion.
- Revenue- Intelligent Devices - Measurement & Analytical: $1.05 billion versus $995.28 million estimated by three analysts on average.
- Earnings before interest and tax- AspenTech: -$47 million compared to the -$19.18 million average estimate based on two analysts.
View all Key Company Metrics for Emerson Electric here>>>Shares of Emerson Electric have returned -4.3% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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Emerson Electric (EMR - Free Report) reported $4.09 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 23.7%. EPS of $1.29 for the same period compares to $1.53 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.2 billion, representing a surprise of -2.72%. The company delivered an EPS surprise of -0.77%, with the consensus EPS estimate being $1.30.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Emerson Electric performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- AspenTech: $249 million versus the three-analyst average estimate of $274.76 million. The reported number represents a year-over-year change of -0.8%.
- Revenue- Intelligent Devices: $3.15 billion versus $3.21 billion estimated by three analysts on average.
- Revenue- Software And Control - Control Systems & Software: $714 million compared to the $726.99 million average estimate based on three analysts.
- Revenue- Intelligent Devices - Final Control: $1.08 billion versus the three-analyst average estimate of $1.09 billion.
- Revenue- Eliminations: -$19 million versus -$23.88 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1800% change.
- Revenue- Intelligent Devices - Discrete Automation: $666 million compared to the $768.09 million average estimate based on three analysts.
- Revenue- Intelligent Devices - Safety & Productivity: $354 million versus the three-analyst average estimate of $360.74 million.
- Revenue- Software And Control: $963 million versus the three-analyst average estimate of $1 billion.
- Revenue- Intelligent Devices - Measurement & Analytical: $1.05 billion versus $995.28 million estimated by three analysts on average.
- Earnings before interest and tax- AspenTech: -$47 million compared to the -$19.18 million average estimate based on two analysts.
View all Key Company Metrics for Emerson Electric here>>>Shares of Emerson Electric have returned -4.3% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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