Eaton Corporation plc. (ETN - Free Report) , a diversified power management firm, is best known for its electrical components, systems and services. This Dublin, Ireland-based company has presence across the globe.
Eaton’s continuous focus on strategic acquisitions and debt reduction initiatives backed by stable cash generating capacity, geographically-diversified operations, and systematic investments in research and development activities to launch new products will likely boost its future performance.
However, owing to the nature of this industry, Eaton’s operation depends on numerous suppliers of raw materials. Any shortage of raw materials, price increase or supplier’s insolvencies can increase the company’s operating costs.
Estimate Trend & Surprise History
Investors should note that the second quarter Zacks Consensus Estimate for earnings of $1.07 per share has increased by nearly 0.9% over the last 90 days.
Coming to the earnings surprise, Eaton Corporation has surpassed the Zacks Consensus Estimate in the last four quarters, resulting in a positive average surprise of 3.16%.
Zacks Rank: Currently, Eaton has a Zacks Rank#4 (Sell). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have highlighted some of the key details from the just-released announcement below:
Earnings: Eaton’s earnings were on par with expectations. Our consensus called for second-quarter EPS of $1.07 and the company reported earnings of $1.07.
Revenue: Eaton’s revenues were higher than estimates in the second quarter. The company posted revenues of $5,080 million in the second quarter, compared with our consensus estimate of $5,056 million.
Key Stats: Bookings in Electrical Systems and Services and Hydraulics segment were each down by 2% year over year. Bookings in Electrical Products and Aerospace were also down by 2% and 1% respectively year over year.
Stock Price: It would be interesting to see how the market reacts to the on par earnings during the trading session today.
Check back later for our full write up on this ETN earnings report later!
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Eaton Corporation plc. (ETN - Free Report) , a diversified power management firm, is best known for its electrical components, systems and services. This Dublin, Ireland-based company has presence across the globe.
Eaton’s continuous focus on strategic acquisitions and debt reduction initiatives backed by stable cash generating capacity, geographically-diversified operations, and systematic investments in research and development activities to launch new products will likely boost its future performance.
However, owing to the nature of this industry, Eaton’s operation depends on numerous suppliers of raw materials. Any shortage of raw materials, price increase or supplier’s insolvencies can increase the company’s operating costs.
Estimate Trend & Surprise History
Investors should note that the second quarter Zacks Consensus Estimate for earnings of $1.07 per share has increased by nearly 0.9% over the last 90 days.
Coming to the earnings surprise, Eaton Corporation has surpassed the Zacks Consensus Estimate in the last four quarters, resulting in a positive average surprise of 3.16%.
Zacks Rank: Currently, Eaton has a Zacks Rank#4 (Sell). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have highlighted some of the key details from the just-released announcement below:
Earnings: Eaton’s earnings were on par with expectations. Our consensus called for second-quarter EPS of $1.07 and the company reported earnings of $1.07.
Revenue: Eaton’s revenues were higher than estimates in the second quarter. The company posted revenues of $5,080 million in the second quarter, compared with our consensus estimate of $5,056 million.
Key Stats: Bookings in Electrical Systems and Services and Hydraulics segment were each down by 2% year over year. Bookings in Electrical Products and Aerospace were also down by 2% and 1% respectively year over year.
Stock Price: It would be interesting to see how the market reacts to the on par earnings during the trading session today.
Check back later for our full write up on this ETN earnings report later!
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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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