nVent(NVT) ZACKS·2024-11-01 12:51Core Insights - NVent Electric (NVT) reported quarterly earnings of 0.81 per share, and matching the earnings from the previous year [1] - The company experienced an earnings surprise of 3.70%, having previously reported earnings of 0.83 per share, resulting in a surprise of -1.20% [2] - NVent's revenues for the quarter were 858.8 million year-over-year [3] Financial Performance - The company has surpassed consensus EPS estimates three times over the last four quarters [2] - NVent shares have increased approximately 26.2% year-to-date, outperforming the S&P 500's gain of 19.6% [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is 965.89 million, and for the current fiscal year, it is 3.66 billion [8] - The estimate revisions trend for NVent is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [7] Industry Context - The Electronics - Miscellaneous Components industry, to which NVent belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [9] - Another company in the same industry, Fabrinet (FN), is expected to report quarterly earnings of 770.28 million, up 12.4% from the previous year [10][11]