We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Emerson Electric (EMR) Q3 Earnings: A Look at Key Metrics
Read MoreHide Full Article
Emerson Electric (EMR - Free Report) reported $3.95 billion in revenue for the quarter ended June 2023, representing a year-over-year decline of 21.2%. EPS of $1.29 for the same period compares to $1.38 a year ago.
The reported revenue represents a surprise of +1.54% over the Zacks Consensus Estimate of $3.89 billion. With the consensus EPS estimate being $1.09, the EPS surprise was +18.35%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $320 million compared to the $311.68 million average estimate based on four analysts.
Revenue- Intelligent Devices: $2.98 billion compared to the $2.95 billion average estimate based on four analysts.
Revenue- Software And Control - Control Systems & Software: $663 million versus the four-analyst average estimate of $632.25 million.
Revenue- Intelligent Devices - Final Control: $1.04 billion versus $1.01 billion estimated by four analysts on average.
Revenue- Intelligent Devices - Measurement & Analytical: $913 million versus $884.60 million estimated by four analysts on average.
Revenue- Intelligent Devices - Discrete Automation: $668 million versus $683.63 million estimated by four analysts on average.
Revenue- Intelligent Devices - Safety & Productivity: $363 million versus the four-analyst average estimate of $366.33 million.
Revenue- Software And Control: $983 million versus the four-analyst average estimate of $940.48 million.
Revenue- Eliminations: -$16 million versus the three-analyst average estimate of -$21.65 million.
Earnings before interest and tax- Corporate and Other: -$43 million versus the three-analyst average estimate of -$58.45 million.
Earnings before interest and tax- AspenTech: $27 million compared to the $42.36 million average estimate based on three analysts.
Shares of Emerson Electric have returned +1% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Emerson Electric (EMR) Q3 Earnings: A Look at Key Metrics
Emerson Electric (EMR - Free Report) reported $3.95 billion in revenue for the quarter ended June 2023, representing a year-over-year decline of 21.2%. EPS of $1.29 for the same period compares to $1.38 a year ago.
The reported revenue represents a surprise of +1.54% over the Zacks Consensus Estimate of $3.89 billion. With the consensus EPS estimate being $1.09, the EPS surprise was +18.35%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $320 million compared to the $311.68 million average estimate based on four analysts.
- Revenue- Intelligent Devices: $2.98 billion compared to the $2.95 billion average estimate based on four analysts.
- Revenue- Software And Control - Control Systems & Software: $663 million versus the four-analyst average estimate of $632.25 million.
- Revenue- Intelligent Devices - Final Control: $1.04 billion versus $1.01 billion estimated by four analysts on average.
- Revenue- Intelligent Devices - Measurement & Analytical: $913 million versus $884.60 million estimated by four analysts on average.
- Revenue- Intelligent Devices - Discrete Automation: $668 million versus $683.63 million estimated by four analysts on average.
- Revenue- Intelligent Devices - Safety & Productivity: $363 million versus the four-analyst average estimate of $366.33 million.
- Revenue- Software And Control: $983 million versus the four-analyst average estimate of $940.48 million.
- Revenue- Eliminations: -$16 million versus the three-analyst average estimate of -$21.65 million.
- Earnings before interest and tax- Corporate and Other: -$43 million versus the three-analyst average estimate of -$58.45 million.
- Earnings before interest and tax- AspenTech: $27 million compared to the $42.36 million average estimate based on three analysts.
View all Key Company Metrics for Emerson Electric here>>>Shares of Emerson Electric have returned +1% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.