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Eaton (ETN) Outpaces Stock Market Gains: What You Should Know
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Eaton (ETN - Free Report) closed the most recent trading day at $371.92, moving +1.59% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.7%. Elsewhere, the Dow saw an upswing of 0.28%, while the tech-heavy Nasdaq appreciated by 0.83%.
The power management company's stock has dropped by 16.79% in the past month, falling short of the Industrial Products sector's loss of 5.41% and the S&P 500's loss of 1.21%.
Market participants will be closely following the financial results of Eaton in its upcoming release. The company plans to announce its earnings on November 3, 2026. The company is expected to report EPS of $3.54, up 15.31% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $8.45 billion, showing a 20.91% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.59 per share and a revenue of $32.76 billion, indicating changes of +12.59% and +19.34%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Eaton. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.24% increase. Eaton presently features a Zacks Rank of #2 (Buy).
Looking at valuation, Eaton is presently trading at a Forward P/E ratio of 26.94. For comparison, its industry has an average Forward P/E of 21.94, which means Eaton is trading at a premium to the group.
Meanwhile, ETN's PEG ratio is currently 2.12. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Manufacturing - Electronics stocks are, on average, holding a PEG ratio of 1.49 based on yesterday's closing prices.
The Manufacturing - Electronics industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 88, this industry ranks in the top 36% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Eaton (ETN) Outpaces Stock Market Gains: What You Should Know
Eaton (ETN - Free Report) closed the most recent trading day at $371.92, moving +1.59% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.7%. Elsewhere, the Dow saw an upswing of 0.28%, while the tech-heavy Nasdaq appreciated by 0.83%.
The power management company's stock has dropped by 16.79% in the past month, falling short of the Industrial Products sector's loss of 5.41% and the S&P 500's loss of 1.21%.
Market participants will be closely following the financial results of Eaton in its upcoming release. The company plans to announce its earnings on November 3, 2026. The company is expected to report EPS of $3.54, up 15.31% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $8.45 billion, showing a 20.91% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.59 per share and a revenue of $32.76 billion, indicating changes of +12.59% and +19.34%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Eaton. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.24% increase. Eaton presently features a Zacks Rank of #2 (Buy).
Looking at valuation, Eaton is presently trading at a Forward P/E ratio of 26.94. For comparison, its industry has an average Forward P/E of 21.94, which means Eaton is trading at a premium to the group.
Meanwhile, ETN's PEG ratio is currently 2.12. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Manufacturing - Electronics stocks are, on average, holding a PEG ratio of 1.49 based on yesterday's closing prices.
The Manufacturing - Electronics industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 88, this industry ranks in the top 36% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.