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What Analyst Projections for Key Metrics Reveal About Carrier Global (CARR) Q1 Earnings
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Wall Street analysts forecast that Carrier Global (CARR - Free Report) will report quarterly earnings of $0.50 per share in its upcoming release, pointing to a year-over-year decline of 3.9%. It is anticipated that revenues will amount to $6.27 billion, exhibiting an increase of 18.9% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Carrier Global metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Net Sales- HVAC' will reach $4.39 billion. The estimate suggests a change of +21.2% year over year.
The average prediction of analysts places 'Net Sales- Fire & Security' at $831.23 million. The estimate indicates a year-over-year change of -4.4%.
Analysts' assessment points toward 'Net Sales- Refrigeration' reaching $896.65 million. The estimate suggests a change of -0.2% year over year.
The collective assessment of analysts points to an estimated 'Adjusted Operating profit- HVAC' of $589.78 million. Compared to the present estimate, the company reported $490 million in the same quarter last year.
It is projected by analysts that the 'Adjusted Operating profit- Fire & Security' will reach $106.42 million. The estimate compares to the year-ago value of $108 million.
Analysts expect 'Adjusted Operating profit- Refrigeration' to come in at $104.05 million. Compared to the current estimate, the company reported $111 million in the same quarter of the previous year.
Shares of Carrier Global have experienced a change of -7.5% in the past month compared to the -4% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), CARR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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What Analyst Projections for Key Metrics Reveal About Carrier Global (CARR) Q1 Earnings
Wall Street analysts forecast that Carrier Global (CARR - Free Report) will report quarterly earnings of $0.50 per share in its upcoming release, pointing to a year-over-year decline of 3.9%. It is anticipated that revenues will amount to $6.27 billion, exhibiting an increase of 18.9% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Carrier Global metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Net Sales- HVAC' will reach $4.39 billion. The estimate suggests a change of +21.2% year over year.
The average prediction of analysts places 'Net Sales- Fire & Security' at $831.23 million. The estimate indicates a year-over-year change of -4.4%.
Analysts' assessment points toward 'Net Sales- Refrigeration' reaching $896.65 million. The estimate suggests a change of -0.2% year over year.
The collective assessment of analysts points to an estimated 'Adjusted Operating profit- HVAC' of $589.78 million. Compared to the present estimate, the company reported $490 million in the same quarter last year.
It is projected by analysts that the 'Adjusted Operating profit- Fire & Security' will reach $106.42 million. The estimate compares to the year-ago value of $108 million.
Analysts expect 'Adjusted Operating profit- Refrigeration' to come in at $104.05 million. Compared to the current estimate, the company reported $111 million in the same quarter of the previous year.
View all Key Company Metrics for Carrier Global here>>>
Shares of Carrier Global have experienced a change of -7.5% in the past month compared to the -4% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), CARR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>