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Ahead of Eaton (ETN) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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Wall Street analysts expect Eaton (ETN - Free Report) to post quarterly earnings of $3.54 per share in its upcoming report, which indicates a year-over-year increase of 15.3%. Revenues are expected to be $8.48 billion, up 21.4% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Eaton metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Net Sales- Electrical Global' of $2.40 billion. The estimate suggests a change of +39.1% year over year.
Analysts predict that the 'Net Sales- Electrical Americas' will reach $4.00 billion. The estimate indicates a year-over-year change of +17.2%.
According to the collective judgment of analysts, 'Net Sales- Aerospace' should come in at $1.24 billion. The estimate indicates a change of +15% from the prior-year quarter.
Based on the collective assessment of analysts, 'Segment operating profit (loss)- Aerospace' should arrive at $295.95 million. The estimate compares to the year-ago value of $280.00 million.
Analysts forecast 'Segment operating profit (loss)- Electrical Global' to reach $487.14 million. Compared to the present estimate, the company reported $330.00 million in the same quarter last year.
The combined assessment of analysts suggests that 'Segment operating profit (loss)- Electrical Americas' will likely reach $1.21 billion. The estimate compares to the year-ago value of $1.03 billion.
Shares of Eaton have demonstrated returns of -8.6% over the past month compared to the Zacks S&P 500 composite's +0.9% change. With a Zacks Rank #2 (Buy), ETN is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of Eaton (ETN) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts expect Eaton (ETN - Free Report) to post quarterly earnings of $3.54 per share in its upcoming report, which indicates a year-over-year increase of 15.3%. Revenues are expected to be $8.48 billion, up 21.4% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Eaton metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Net Sales- Electrical Global' of $2.40 billion. The estimate suggests a change of +39.1% year over year.
Analysts predict that the 'Net Sales- Electrical Americas' will reach $4.00 billion. The estimate indicates a year-over-year change of +17.2%.
According to the collective judgment of analysts, 'Net Sales- Aerospace' should come in at $1.24 billion. The estimate indicates a change of +15% from the prior-year quarter.
Based on the collective assessment of analysts, 'Segment operating profit (loss)- Aerospace' should arrive at $295.95 million. The estimate compares to the year-ago value of $280.00 million.
Analysts forecast 'Segment operating profit (loss)- Electrical Global' to reach $487.14 million. Compared to the present estimate, the company reported $330.00 million in the same quarter last year.
The combined assessment of analysts suggests that 'Segment operating profit (loss)- Electrical Americas' will likely reach $1.21 billion. The estimate compares to the year-ago value of $1.03 billion.
View all Key Company Metrics for Eaton here>>>Shares of Eaton have demonstrated returns of -8.6% over the past month compared to the Zacks S&P 500 composite's +0.9% change. With a Zacks Rank #2 (Buy), ETN is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .