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Countdown to Parker-Hannifin (PH) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
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Wall Street analysts expect Parker-Hannifin (PH - Free Report) to post quarterly earnings of $6.67 per share in its upcoming report, which indicates a year-over-year increase of 7.6%. Revenues are expected to be $4.94 billion, up 0.7% from the year-ago quarter.
The current level reflects a downward 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 a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Parker-Hannifin metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Net sales- Aerospace Systems' of $1.57 billion. The estimate indicates a change of +8.4% from the prior-year quarter.
It is projected by analysts that the 'Net sales- Diversified Industrial- International' will reach $1.39 billion. The estimate points to a change of +2.9% from the year-ago quarter.
The consensus among analysts is that 'Net sales- Diversified Industrial- North America' will reach $1.97 billion. The estimate suggests a change of -6.2% year over year.
Analysts' assessment points toward 'Aerospace Systems - Change in Percentage - As Reported' reaching 8.1%. Compared to the present estimate, the company reported 17.8% in the same quarter last year.
The consensus estimate for 'Net sales - Aerospace Systems - Organic impact - YoY change' stands at 8.0%. The estimate compares to the year-ago value of 17.2%.
The average prediction of analysts places 'Adjusted Segment operating income- Diversified Industrial- North America' at $505.54 million. Compared to the present estimate, the company reported $532.00 million in the same quarter last year.
Analysts expect 'Adjusted Segment operating income- Aerospace Systems' to come in at $450.09 million. The estimate compares to the year-ago value of $403.00 million.
Analysts predict that the 'Adjusted Segment operating income- Diversified Industrial- International' will reach $338.64 million. Compared to the present estimate, the company reported $327.00 million in the same quarter last year.
Parker-Hannifin shares have witnessed a change of +1.3% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #3 (Hold), PH is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to Parker-Hannifin (PH) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
Wall Street analysts expect Parker-Hannifin (PH - Free Report) to post quarterly earnings of $6.67 per share in its upcoming report, which indicates a year-over-year increase of 7.6%. Revenues are expected to be $4.94 billion, up 0.7% from the year-ago quarter.
The current level reflects a downward 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 a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Parker-Hannifin metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Net sales- Aerospace Systems' of $1.57 billion. The estimate indicates a change of +8.4% from the prior-year quarter.
It is projected by analysts that the 'Net sales- Diversified Industrial- International' will reach $1.39 billion. The estimate points to a change of +2.9% from the year-ago quarter.
The consensus among analysts is that 'Net sales- Diversified Industrial- North America' will reach $1.97 billion. The estimate suggests a change of -6.2% year over year.
Analysts' assessment points toward 'Aerospace Systems - Change in Percentage - As Reported' reaching 8.1%. Compared to the present estimate, the company reported 17.8% in the same quarter last year.
The consensus estimate for 'Net sales - Aerospace Systems - Organic impact - YoY change' stands at 8.0%. The estimate compares to the year-ago value of 17.2%.
The average prediction of analysts places 'Adjusted Segment operating income- Diversified Industrial- North America' at $505.54 million. Compared to the present estimate, the company reported $532.00 million in the same quarter last year.
Analysts expect 'Adjusted Segment operating income- Aerospace Systems' to come in at $450.09 million. The estimate compares to the year-ago value of $403.00 million.
Analysts predict that the 'Adjusted Segment operating income- Diversified Industrial- International' will reach $338.64 million. Compared to the present estimate, the company reported $327.00 million in the same quarter last year.
View all Key Company Metrics for Parker-Hannifin here>>>Parker-Hannifin shares have witnessed a change of +1.3% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #3 (Hold), PH is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .