We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Insights Into Eaton (ETN) Q3: Wall Street Projections for Key Metrics
Read MoreHide Full Article
The upcoming report from Eaton (ETN - Free Report) is expected to reveal quarterly earnings of $2.80 per share, indicating an increase of 13.4% compared to the year-ago period. Analysts forecast revenues of $6.37 billion, representing an increase of 8.3% year over year.
The current level reflects an upward 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.
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 use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Eaton metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'Net Sales- eMobility' will likely reach $201.48 million. The estimate suggests a change of +23.6% year over year.
Analysts' assessment points toward 'Net Sales- Aerospace' reaching $965.71 million. The estimate indicates a year-over-year change of +11.4%.
The consensus among analysts is that 'Net Sales- Vehicle' will reach $726.18 million. The estimate points to a change of -3.6% from the year-ago quarter.
The average prediction of analysts places 'Net Sales- Electrical Global' at $1.56 billion. The estimate points to a change of +3.8% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net Sales- Electrical Americas' of $2.92 billion. The estimate points to a change of +12.6% from the year-ago quarter.
Analysts predict that the 'Segment operating profit (loss)- Aerospace' will reach $230.27 million. The estimate is in contrast to the year-ago figure of $209 million.
Analysts forecast 'Segment operating profit (loss)- Vehicle' to reach $122.47 million. The estimate is in contrast to the year-ago figure of $131 million.
According to the collective judgment of analysts, 'Segment operating profit (loss)- Electrical Global' should come in at $318.30 million. The estimate compares to the year-ago value of $328 million.
It is projected by analysts that the 'Segment operating profit (loss)- Electrical Americas' will reach $845.41 million. The estimate compares to the year-ago value of $719 million.
Over the past month, Eaton shares have recorded returns of +4.9% versus the Zacks S&P 500 composite's +2% change. Based on its Zacks Rank #2 (Buy), ETN will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Insights Into Eaton (ETN) Q3: Wall Street Projections for Key Metrics
The upcoming report from Eaton (ETN - Free Report) is expected to reveal quarterly earnings of $2.80 per share, indicating an increase of 13.4% compared to the year-ago period. Analysts forecast revenues of $6.37 billion, representing an increase of 8.3% year over year.
The current level reflects an upward 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.
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 use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Eaton metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'Net Sales- eMobility' will likely reach $201.48 million. The estimate suggests a change of +23.6% year over year.
Analysts' assessment points toward 'Net Sales- Aerospace' reaching $965.71 million. The estimate indicates a year-over-year change of +11.4%.
The consensus among analysts is that 'Net Sales- Vehicle' will reach $726.18 million. The estimate points to a change of -3.6% from the year-ago quarter.
The average prediction of analysts places 'Net Sales- Electrical Global' at $1.56 billion. The estimate points to a change of +3.8% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net Sales- Electrical Americas' of $2.92 billion. The estimate points to a change of +12.6% from the year-ago quarter.
Analysts predict that the 'Segment operating profit (loss)- Aerospace' will reach $230.27 million. The estimate is in contrast to the year-ago figure of $209 million.
Analysts forecast 'Segment operating profit (loss)- Vehicle' to reach $122.47 million. The estimate is in contrast to the year-ago figure of $131 million.
According to the collective judgment of analysts, 'Segment operating profit (loss)- Electrical Global' should come in at $318.30 million. The estimate compares to the year-ago value of $328 million.
It is projected by analysts that the 'Segment operating profit (loss)- Electrical Americas' will reach $845.41 million. The estimate compares to the year-ago value of $719 million.
View all Key Company Metrics for Eaton here>>>
Over the past month, Eaton shares have recorded returns of +4.9% versus the Zacks S&P 500 composite's +2% change. Based on its Zacks Rank #2 (Buy), ETN will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>