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Compared to Estimates, Eaton (ETN) Q1 Earnings: A Look at Key Metrics
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Eaton (ETN - Free Report) reported $5.94 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 8.4%. EPS of $2.40 for the same period compares to $1.88 a year ago.
The reported revenue represents a surprise of +0.72% over the Zacks Consensus Estimate of $5.9 billion. With the consensus EPS estimate being $2.28, the EPS surprise was +5.26%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Eaton performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- eMobility: $158 million compared to the $181.19 million average estimate based on four analysts. The reported number represents a change of +7.5% year over year.
Net Sales- Aerospace: $871 million compared to the $872.95 million average estimate based on four analysts. The reported number represents a change of +8.5% year over year.
Net Sales- Vehicle: $724 million versus $711.50 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -2% change.
Net Sales- Electrical Global: $1.50 billion versus $1.55 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
Net Sales- Electrical Americas: $2.69 billion compared to the $2.60 billion average estimate based on four analysts. The reported number represents a change of +17.3% year over year.
Segment operating profit (loss)- Aerospace: $201 million versus $203.45 million estimated by four analysts on average.
Segment operating profit (loss)- Vehicle: $116 million compared to the $107.43 million average estimate based on four analysts.
Segment operating profit (loss)- Electrical Global: $274 million versus $293.93 million estimated by four analysts on average.
Segment operating profit (loss)- Electrical Americas: $785 million compared to the $661.70 million average estimate based on four analysts.
Segment operating profit (loss)- eMobility: -$4 million versus -$1.09 million estimated by four analysts on average.
Shares of Eaton have returned +4.6% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, Eaton (ETN) Q1 Earnings: A Look at Key Metrics
Eaton (ETN - Free Report) reported $5.94 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 8.4%. EPS of $2.40 for the same period compares to $1.88 a year ago.
The reported revenue represents a surprise of +0.72% over the Zacks Consensus Estimate of $5.9 billion. With the consensus EPS estimate being $2.28, the EPS surprise was +5.26%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Eaton performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- eMobility: $158 million compared to the $181.19 million average estimate based on four analysts. The reported number represents a change of +7.5% year over year.
- Net Sales- Aerospace: $871 million compared to the $872.95 million average estimate based on four analysts. The reported number represents a change of +8.5% year over year.
- Net Sales- Vehicle: $724 million versus $711.50 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -2% change.
- Net Sales- Electrical Global: $1.50 billion versus $1.55 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
- Net Sales- Electrical Americas: $2.69 billion compared to the $2.60 billion average estimate based on four analysts. The reported number represents a change of +17.3% year over year.
- Segment operating profit (loss)- Aerospace: $201 million versus $203.45 million estimated by four analysts on average.
- Segment operating profit (loss)- Vehicle: $116 million compared to the $107.43 million average estimate based on four analysts.
- Segment operating profit (loss)- Electrical Global: $274 million versus $293.93 million estimated by four analysts on average.
- Segment operating profit (loss)- Electrical Americas: $785 million compared to the $661.70 million average estimate based on four analysts.
- Segment operating profit (loss)- eMobility: -$4 million versus -$1.09 million estimated by four analysts on average.
View all Key Company Metrics for Eaton here>>>Shares of Eaton have returned +4.6% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.