Wall Street analysts forecast that nVent Electric (NVT - Free Report) will report quarterly earnings of $0.73 per share in its upcoming release, pointing to a year-over-year increase of 9%. It is anticipated that revenues will amount to $863.68 million, exhibiting an increase of 16.6% compared to the year-ago quarter.
The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some nVent metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Net Sales- Enclosures' reaching $413.56 million. The estimate suggests a change of +5.8% year over year.
The average prediction of analysts places 'Net Sales- Electrical & Fastening Solutions' at $308.34 million. The estimate indicates a year-over-year change of +49.9%.
Analysts forecast 'Net Sales- Thermal Management' to reach $142.37 million. The estimate indicates a change of -1.1% from the prior-year quarter.
It is projected by analysts that the 'Segment income (loss)- Enclosures' will reach $88.11 million. The estimate compares to the year-ago value of $82.50 million.
Analysts expect 'Segment income (loss)- Electrical & Fastening Solutions' to come in at $90.05 million. The estimate is in contrast to the year-ago figure of $61.30 million.
The combined assessment of analysts suggests that 'Segment income (loss)- Thermal Management' will likely reach $29.92 million. The estimate compares to the year-ago value of $30.90 million.
View all Key Company Metrics for nVent here>>>
Over the past month, shares of nVent have returned +0.2% versus the Zacks S&P 500 composite's -2.5% change. Currently, NVT carries a Zacks Rank #2 (Buy), suggesting that it may outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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Wall Street analysts forecast that nVent Electric (NVT - Free Report) will report quarterly earnings of $0.73 per share in its upcoming release, pointing to a year-over-year increase of 9%. It is anticipated that revenues will amount to $863.68 million, exhibiting an increase of 16.6% compared to the year-ago quarter.
The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some nVent metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Net Sales- Enclosures' reaching $413.56 million. The estimate suggests a change of +5.8% year over year.
The average prediction of analysts places 'Net Sales- Electrical & Fastening Solutions' at $308.34 million. The estimate indicates a year-over-year change of +49.9%.
Analysts forecast 'Net Sales- Thermal Management' to reach $142.37 million. The estimate indicates a change of -1.1% from the prior-year quarter.
It is projected by analysts that the 'Segment income (loss)- Enclosures' will reach $88.11 million. The estimate compares to the year-ago value of $82.50 million.
Analysts expect 'Segment income (loss)- Electrical & Fastening Solutions' to come in at $90.05 million. The estimate is in contrast to the year-ago figure of $61.30 million.
The combined assessment of analysts suggests that 'Segment income (loss)- Thermal Management' will likely reach $29.92 million. The estimate compares to the year-ago value of $30.90 million.
View all Key Company Metrics for nVent here>>>
Over the past month, shares of nVent have returned +0.2% versus the Zacks S&P 500 composite's -2.5% change. Currently, NVT carries a Zacks Rank #2 (Buy), suggesting that it may outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Research Chief 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.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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