Emerson’s third-quarter fiscal 2017 adjusted earnings were in line with the Zacks Consensus Estimate, benefiting from favorable global market conditions and strong top-line growth. Going forward, the company’s aggressive restructuring actions and strategic divestures are expected to boost performance. Emerson seems well-positioned to benefit from global infrastructure growth, as its core businesses hold dominant positions in markets tied to energy efficiency and infrastructure spending.However, on the flip side, prolonged softness in the oil and gas markets has affected both capital spending and operational expenditure of clients, thereby hurting Emerson’s order rates in power generating alternators and electrical distribution businesses. In light of these headwinds, the stock has grossly underperformed the industry’s average return over the past year.