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Unlocking Q4 Potential of Emerson Electric (EMR): Exploring Wall Street Estimates for Key Metrics
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Wall Street analysts forecast that Emerson Electric (EMR - Free Report) will report quarterly earnings of $1.85 per share in its upcoming release, pointing to a year-over-year increase of 14.2%. It is anticipated that revenues will amount to $5.12 billion, exhibiting an increase of 5.4% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 1.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Emerson Electric metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Net Sales- Intelligent Devices- Total' at $2.88 billion. The estimate indicates a change of -15.3% from the prior-year quarter.
Analysts' assessment points toward 'Net Sales- Software & Systems- Control Systems & Software' reaching $1.20 billion. The estimate suggests a change of +12.9% year over year.
The consensus estimate for 'Net Sales- Intelligent Devices- Final Control' stands at $1.70 billion. The estimate points to a change of +40.2% from the year-ago quarter.
Analysts expect 'Net Sales- Software & Systems- Test & Measurement' to come in at $450.44 million. The estimate points to a change of +10.4% from the year-ago quarter.
The consensus among analysts is that 'Net Sales- Software & Systems- Total' will reach $1.65 billion. The estimate indicates a change of +12.2% from the prior-year quarter.
Emerson Electric shares have witnessed a change of +7.7% in the past month, in contrast to the Zacks S&P 500 composite's +0.7% move. With a Zacks Rank #2 (Buy), EMR is expected outperform 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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Unlocking Q4 Potential of Emerson Electric (EMR): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Emerson Electric (EMR - Free Report) will report quarterly earnings of $1.85 per share in its upcoming release, pointing to a year-over-year increase of 14.2%. It is anticipated that revenues will amount to $5.12 billion, exhibiting an increase of 5.4% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 1.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Emerson Electric metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Net Sales- Intelligent Devices- Total' at $2.88 billion. The estimate indicates a change of -15.3% from the prior-year quarter.
Analysts' assessment points toward 'Net Sales- Software & Systems- Control Systems & Software' reaching $1.20 billion. The estimate suggests a change of +12.9% year over year.
The consensus estimate for 'Net Sales- Intelligent Devices- Final Control' stands at $1.70 billion. The estimate points to a change of +40.2% from the year-ago quarter.
Analysts expect 'Net Sales- Software & Systems- Test & Measurement' to come in at $450.44 million. The estimate points to a change of +10.4% from the year-ago quarter.
The consensus among analysts is that 'Net Sales- Software & Systems- Total' will reach $1.65 billion. The estimate indicates a change of +12.2% from the prior-year quarter.
View all Key Company Metrics for Emerson Electric here>>>Emerson Electric shares have witnessed a change of +7.7% in the past month, in contrast to the Zacks S&P 500 composite's +0.7% move. With a Zacks Rank #2 (Buy), EMR is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .