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Eaton (ETN) Declines More Than Market: Some Information for Investors
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In the latest close session, Eaton (ETN - Free Report) was down 4.02% at $396.27. The stock trailed the S&P 500, which registered a daily loss of 0.51%. Elsewhere, the Dow saw a downswing of 0.2%, while the tech-heavy Nasdaq depreciated by 1.47%.
Shares of the power management company have appreciated by 0.79% over the course of the past month, outperforming the Industrial Products sector's loss of 0.95%, and the S&P 500's gain of 0.53%.
Investors will be eagerly watching for the performance of Eaton in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 31, 2026. The company is forecasted to report an EPS of $3.08, showcasing a 4.41% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $7.99 billion, up 13.62% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $13.35 per share and a revenue of $31.82 billion, signifying shifts of +10.6% and +15.94%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Eaton. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.16% higher. Eaton is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Eaton is currently trading at a Forward P/E ratio of 30.93. For comparison, its industry has an average Forward P/E of 22.77, which means Eaton is trading at a premium to the group.
One should further note that ETN currently holds a PEG ratio of 2.65. 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. With its current Zacks Industry Rank of 161, this industry ranks in the bottom 35% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
To follow ETN in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Eaton (ETN) Declines More Than Market: Some Information for Investors
In the latest close session, Eaton (ETN - Free Report) was down 4.02% at $396.27. The stock trailed the S&P 500, which registered a daily loss of 0.51%. Elsewhere, the Dow saw a downswing of 0.2%, while the tech-heavy Nasdaq depreciated by 1.47%.
Shares of the power management company have appreciated by 0.79% over the course of the past month, outperforming the Industrial Products sector's loss of 0.95%, and the S&P 500's gain of 0.53%.
Investors will be eagerly watching for the performance of Eaton in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 31, 2026. The company is forecasted to report an EPS of $3.08, showcasing a 4.41% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $7.99 billion, up 13.62% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $13.35 per share and a revenue of $31.82 billion, signifying shifts of +10.6% and +15.94%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Eaton. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.16% higher. Eaton is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Eaton is currently trading at a Forward P/E ratio of 30.93. For comparison, its industry has an average Forward P/E of 22.77, which means Eaton is trading at a premium to the group.
One should further note that ETN currently holds a PEG ratio of 2.65. 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. With its current Zacks Industry Rank of 161, this industry ranks in the bottom 35% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
To follow ETN in the coming trading sessions, be sure to utilize Zacks.com.