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.
Eaton (ETN) Ascends But Remains Behind Market: Some Facts to Note
Read MoreHide Full Article
Eaton (ETN - Free Report) closed the most recent trading day at $277.83, moving +0.11% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.79%. At the same time, the Dow added 0.78%, and the tech-heavy Nasdaq gained 0.64%.
Prior to today's trading, shares of the power management company had lost 5.48% over the past month. This has was narrower than the Industrial Products sector's loss of 8.23% and lagged the S&P 500's loss of 3.56% in that time.
Investors will be eagerly watching for the performance of Eaton in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.70, reflecting a 12.5% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $6.27 billion, indicating a 5.46% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $12.04 per share and revenue of $26.74 billion, which would represent changes of +11.48% and +7.48%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Eaton. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.05% higher within the past month. At present, Eaton boasts a Zacks Rank of #3 (Hold).
Investors should also note Eaton's current valuation metrics, including its Forward P/E ratio of 23.05. For comparison, its industry has an average Forward P/E of 17.95, which means Eaton is trading at a premium to the group.
Meanwhile, ETN's PEG ratio is currently 2.21. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Manufacturing - Electronics industry had an average PEG ratio of 1.68.
The Manufacturing - Electronics industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 55, positioning it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Eaton (ETN) Ascends But Remains Behind Market: Some Facts to Note
Eaton (ETN - Free Report) closed the most recent trading day at $277.83, moving +0.11% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.79%. At the same time, the Dow added 0.78%, and the tech-heavy Nasdaq gained 0.64%.
Prior to today's trading, shares of the power management company had lost 5.48% over the past month. This has was narrower than the Industrial Products sector's loss of 8.23% and lagged the S&P 500's loss of 3.56% in that time.
Investors will be eagerly watching for the performance of Eaton in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.70, reflecting a 12.5% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $6.27 billion, indicating a 5.46% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $12.04 per share and revenue of $26.74 billion, which would represent changes of +11.48% and +7.48%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Eaton. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.05% higher within the past month. At present, Eaton boasts a Zacks Rank of #3 (Hold).
Investors should also note Eaton's current valuation metrics, including its Forward P/E ratio of 23.05. For comparison, its industry has an average Forward P/E of 17.95, which means Eaton is trading at a premium to the group.
Meanwhile, ETN's PEG ratio is currently 2.21. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Manufacturing - Electronics industry had an average PEG ratio of 1.68.
The Manufacturing - Electronics industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 55, positioning it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.