For the quarter ended December 2023, Eaton (ETN Quick QuoteETN - Free Report) reported revenue of $5.97 billion, up 10.8% over the same period last year. Adjusted EPS came in at $2.55, compared to $2.06 in the year-ago quarter.

The reported revenue represents a surprise of +1.23% over the Zacks Consensus Estimate of $5.89 billion. With the consensus EPS estimate being $2.47, the EPS surprise was +3.24%.

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.

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 Eaton performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Net Sales- eMobility: $165 million versus the five-analyst average estimate of $193.88 million. The reported number represents a year-over-year change of +18.7%.
• Net Sales- Aerospace: $895 million versus the five-analyst average estimate of $897.30 million. The reported number represents a year-over-year change of +10.2%.
• Net Sales- Vehicle: $723 million versus the five-analyst average estimate of $714.29 million. The reported number represents a year-over-year change of +2.3%.
• Net Sales- Electrical Global: $1.51 billion compared to the $1.48 billion average estimate based on five analysts. The reported number represents a change of +5.7% year over year.
• Net Sales- Electrical Americas: $2.67 billion versus $2.61 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +16.4% change.
• Segment operating profit (loss)- Aerospace: $200 million versus $230.32 million estimated by five analysts on average.
• Segment operating profit (loss)- Vehicle: $129 million versus $128.52 million estimated by five analysts on average.
• Segment operating profit (loss)- Electrical Global: $284 million versus $276.25 million estimated by five analysts on average.
• Segment operating profit (loss)- Electrical Americas: $763 million versus the five-analyst average estimate of $676.96 million.
• Segment operating profit (loss)- eMobility: -$16 million compared to the $6.05 million average estimate based on five analysts.

View all Key Company Metrics for Eaton here>>>

Shares of Eaton have returned +5.6% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

(We are reissuing this article to correct a mistake. The original article, issued on February 1, 2024, should no longer be relied upon.)