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Unveiling Parker-Hannifin (PH) Q1 Outlook: Wall Street Estimates for Key Metrics
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The upcoming report from Parker-Hannifin (PH - Free Report) is expected to reveal quarterly earnings of $8.23 per share, indicating an increase of 14% compared to the year-ago period. Analysts forecast revenues of $5.82 billion, representing an increase of 14.5% year over year.
The consensus EPS estimate for the quarter has been revised 1% 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.
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.
Given this perspective, it's time to examine the average forecasts of specific Parker-Hannifin metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Net Sales- Diversified Industrial- International' will reach $1.60 billion. The estimate points to a change of +14.5% from the year-ago quarter.
Analysts' assessment points toward 'Net Sales- Aerospace Systems' reaching $1.81 billion. The estimate suggests a change of +10.2% year over year.
The collective assessment of analysts points to an estimated 'Reported sales growth - Aerospace Systems' of 10.2%. Compared to the current estimate, the company reported 13.3% in the same quarter of the previous year.
The average prediction of analysts places 'Reported sales growth - Diversified Industrial International Businesses' at 14.5%. The estimate compares to the year-ago value of 3.2%.
Analysts predict that the 'Reported sales growth' will reach 14.4%. Compared to the current estimate, the company reported 3.2% in the same quarter of the previous year.
According to the collective judgment of analysts, 'Organic sales growth - Aerospace Systems' should come in at 10.3%. Compared to the current estimate, the company reported 12.8% in the same quarter of the previous year.
The consensus among analysts is that 'Adjusted segment operating income- Diversified Industrial- North America' will reach $636.58 million. The estimate is in contrast to the year-ago figure of $552.00 million.
The combined assessment of analysts suggests that 'Adjusted segment operating income- Aerospace Systems' will likely reach $543.86 million. Compared to the current estimate, the company reported $492.00 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Adjusted segment operating income- Diversified Industrial- International' should arrive at $411.73 million. Compared to the current estimate, the company reported $350.00 million in the same quarter of the previous year.
Over the past month, Parker-Hannifin shares have recorded returns of -7.5% versus the Zacks S&P 500 composite's -0.9% change. Based on its Zacks Rank #4 (Sell), PH will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unveiling Parker-Hannifin (PH) Q1 Outlook: Wall Street Estimates for Key Metrics
The upcoming report from Parker-Hannifin (PH - Free Report) is expected to reveal quarterly earnings of $8.23 per share, indicating an increase of 14% compared to the year-ago period. Analysts forecast revenues of $5.82 billion, representing an increase of 14.5% year over year.
The consensus EPS estimate for the quarter has been revised 1% 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.
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.
Given this perspective, it's time to examine the average forecasts of specific Parker-Hannifin metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Net Sales- Diversified Industrial- International' will reach $1.60 billion. The estimate points to a change of +14.5% from the year-ago quarter.
Analysts' assessment points toward 'Net Sales- Aerospace Systems' reaching $1.81 billion. The estimate suggests a change of +10.2% year over year.
The collective assessment of analysts points to an estimated 'Reported sales growth - Aerospace Systems' of 10.2%. Compared to the current estimate, the company reported 13.3% in the same quarter of the previous year.
The average prediction of analysts places 'Reported sales growth - Diversified Industrial International Businesses' at 14.5%. The estimate compares to the year-ago value of 3.2%.
Analysts predict that the 'Reported sales growth' will reach 14.4%. Compared to the current estimate, the company reported 3.2% in the same quarter of the previous year.
According to the collective judgment of analysts, 'Organic sales growth - Aerospace Systems' should come in at 10.3%. Compared to the current estimate, the company reported 12.8% in the same quarter of the previous year.
The consensus among analysts is that 'Adjusted segment operating income- Diversified Industrial- North America' will reach $636.58 million. The estimate is in contrast to the year-ago figure of $552.00 million.
The combined assessment of analysts suggests that 'Adjusted segment operating income- Aerospace Systems' will likely reach $543.86 million. Compared to the current estimate, the company reported $492.00 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Adjusted segment operating income- Diversified Industrial- International' should arrive at $411.73 million. Compared to the current estimate, the company reported $350.00 million in the same quarter of the previous year.
View all Key Company Metrics for Parker-Hannifin here>>>Over the past month, Parker-Hannifin shares have recorded returns of -7.5% versus the Zacks S&P 500 composite's -0.9% change. Based on its Zacks Rank #4 (Sell), PH will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .