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Wall Street's Insights Into Key Metrics Ahead of Eaton (ETN) Q2 Earnings
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Analysts on Wall Street project that Eaton (ETN - Free Report) will announce quarterly earnings of $2.61 per share in its forthcoming report, representing an increase of 18.1% year over year. Revenues are projected to reach $6.35 billion, increasing 8.2% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link 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.
With that in mind, let's delve into the average projections of some Eaton metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Net Sales- eMobility' will reach $199.47 million. The estimate suggests a change of +23.9% year over year.
The average prediction of analysts places 'Net Sales- Aerospace' at $941.22 million. The estimate indicates a year-over-year change of +11%.
Analysts predict that the 'Net Sales- Vehicle' will reach $735.21 million. The estimate suggests a change of -2.1% year over year.
Analysts' assessment points toward 'Net Sales- Electrical Global' reaching $1.63 billion. The estimate indicates a year-over-year change of +3.6%.
The combined assessment of analysts suggests that 'Net Sales- Electrical Americas' will likely reach $2.85 billion. The estimate suggests a change of +12.3% year over year.
Based on the collective assessment of analysts, 'Segment operating profit (loss)- Aerospace' should arrive at $213.56 million. The estimate is in contrast to the year-ago figure of $191 million.
According to the collective judgment of analysts, 'Segment operating profit (loss)- Vehicle' should come in at $119.85 million. Compared to the present estimate, the company reported $115 million in the same quarter last year.
The consensus among analysts is that 'Segment operating profit (loss)- Electrical Global' will reach $309.32 million. The estimate compares to the year-ago value of $290 million.
The consensus estimate for 'Segment operating profit (loss)- Electrical Americas' stands at $790.58 million. Compared to the current estimate, the company reported $669 million in the same quarter of the previous year.
Over the past month, Eaton shares have recorded returns of -5% versus the Zacks S&P 500 composite's -0.2% change. Based on its Zacks Rank #3 (Hold), ETN will likely exhibit a performance that aligns with 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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Wall Street's Insights Into Key Metrics Ahead of Eaton (ETN) Q2 Earnings
Analysts on Wall Street project that Eaton (ETN - Free Report) will announce quarterly earnings of $2.61 per share in its forthcoming report, representing an increase of 18.1% year over year. Revenues are projected to reach $6.35 billion, increasing 8.2% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link 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.
With that in mind, let's delve into the average projections of some Eaton metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Net Sales- eMobility' will reach $199.47 million. The estimate suggests a change of +23.9% year over year.
The average prediction of analysts places 'Net Sales- Aerospace' at $941.22 million. The estimate indicates a year-over-year change of +11%.
Analysts predict that the 'Net Sales- Vehicle' will reach $735.21 million. The estimate suggests a change of -2.1% year over year.
Analysts' assessment points toward 'Net Sales- Electrical Global' reaching $1.63 billion. The estimate indicates a year-over-year change of +3.6%.
The combined assessment of analysts suggests that 'Net Sales- Electrical Americas' will likely reach $2.85 billion. The estimate suggests a change of +12.3% year over year.
Based on the collective assessment of analysts, 'Segment operating profit (loss)- Aerospace' should arrive at $213.56 million. The estimate is in contrast to the year-ago figure of $191 million.
According to the collective judgment of analysts, 'Segment operating profit (loss)- Vehicle' should come in at $119.85 million. Compared to the present estimate, the company reported $115 million in the same quarter last year.
The consensus among analysts is that 'Segment operating profit (loss)- Electrical Global' will reach $309.32 million. The estimate compares to the year-ago value of $290 million.
The consensus estimate for 'Segment operating profit (loss)- Electrical Americas' stands at $790.58 million. Compared to the current estimate, the company reported $669 million in the same quarter of the previous year.
View all Key Company Metrics for Eaton here>>>
Over the past month, Eaton shares have recorded returns of -5% versus the Zacks S&P 500 composite's -0.2% change. Based on its Zacks Rank #3 (Hold), ETN will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>