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Eaton (ETN) Q2 Earnings Beat Estimates
ZACKS· 2024-08-01 12:41
Eaton (ETN) came out with quarterly earnings of $2.73 per share, beating the Zacks Consensus Estimate of $2.61 per share. This compares to earnings of $2.21 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 4.60%. A quarter ago, it was expected that this power management company would post earnings of $2.28 per share when it actually produced earnings of $2.40, delivering a surprise of 5.26%. Over the last four quarters, the com ...
Eaton(ETN) - 2024 Q2 - Quarterly Results
2024-08-01 11:01
Exhibit 99 Eaton Reports Record Second Quarter 2024 Results, with Continued Strong Orders and Backlog Growth • Record second quarter earnings per share of $2.48, up 33% over 2023, and record quarterly adjusted earnings per share of $2.73, up 24% over 2023 • Record segment margins of 23.7%, 210 basis points above the second quarter of 2023 • 9% organic sales growth, above the high end of guidance, and strong backlog growth of 27% in Electrical and 14% in Aerospace • Raised full year 2024 organic sales, segme ...
Eaton's (ETN) Pre-Q2 Earnings Analysis: Should You Buy or Hold?
ZACKS· 2024-07-30 15:10
Eaton (ETN) is expected to report an improvement in its top and bottom lines when it reports second-quarter 2024 results on Aug 1, before market open. Image Source: Zacks Investment Research The Zacks Consensus Estimate for ETN's second-quarter revenues is pegged at $6.35 billion, indicating an 8.2% increase from the year-ago reported figure. The consensus estimate for earnings is pegged at $2.61 per share. The Zacks Consensus Estimate for ETN's second-quarter earnings has moved up 2.4% in the past 90 days. ...
Wall Street's Insights Into Key Metrics Ahead of Eaton (ETN) Q2 Earnings
ZACKS· 2024-07-29 14:22
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. It is projected by analysts that the 'Net Sales- eMobility' will reach $199.47 million. The estimate suggests a change of +23 ...
Eaton (ETN) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2024-07-26 22:52
Shares of the power management company have depreciated by 6.71% over the course of the past month, underperforming the Industrial Products sector's gain of 2.95% and the S&P 500's loss of 1.16%. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.56 per share and revenue of $25.13 billion, indicating changes of +15.79% and +8.33%, respectively, compared to the previous year. Investors might also notice recent changes to analyst estimates for Eaton. These latest adjustments oft ...
Eaton: AI/Electrification Catalysts Persists - Buy The Dip
Seeking Alpha· 2024-07-26 16:01
Electrical and Aerospace backlogs remain robust and growing Q2 Earnings Preview Earnings Estimate Eaton recently spent $1 billion to expand its productive capacity and also enacted a recent restructuring program to reduce fixed-oosts and increase efficiency. I expect these two initiatives to continue to drive margin expansion going forward (although not at the same pace exhibited in Q1). Eaton currently trades with a P/E=34.6x, significantly above its historical level and a premium to the S&P500 (28.2x): Re ...
3 Overlooked Infrastructure Stocks You'll Regret Not Buying in 2024
Investor Place· 2024-07-19 09:47
The need to build new and upgrade existing infrastructure is crucial to spur growth and investment across the country. This surge in investment will go towards new highways, roads and bridges, power infrastructure, railroad freight, broadband and clean energy infrastructure. These initiatives present an incredible opportunity for investors to benefit from the increase in infrastructure spending. Now, let's discover the top three overlooked infrastructure stocks you'll regret not buying in 2024! Source: Shut ...
Eaton (ETN) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2024-07-15 22:56
The most recent trading session ended with Eaton (ETN) standing at $327.03, reflecting a -1.04% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.28%. Elsewhere, the Dow saw an upswing of 0.53%, while the tech-heavy Nasdaq appreciated by 0.4%. Investors will be eagerly watching for the performance of Eaton in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.61, reflecting a 18.1% increase from the s ...
Eaton (ETN) Stock Dips While Market Gains: Key Facts
ZACKS· 2024-07-09 22:56
The most recent trading session ended with Eaton (ETN) standing at $318.71, reflecting a -0.08% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.07%. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq added 0.14%. Coming into today, shares of the power management company had lost 1.24% in the past month. In that same time, the Industrial Products sector lost 1.42%, while the S&P 500 gained 4.34%. Investors will be eagerly watching for the performance of ...
Eaton (ETN) Gains 30.2% YTD: Right Time to Buy the Stock?
ZACKS· 2024-07-02 09:11
Shares of Eaton Corporation (ETN) have gained 30.2% year to date compared to its industry's growth of 14.2%. The power management company operates in more than 175 countries across the globe, and an ongoing improvement in the end market conditions is boosting orders and revenues. Organic growth, and continued investment in research and development of new products are assisting the company in providing efficient power management solutions to its clients. Strategic acquisitions are further expanding its marke ...