Wall Street recouped all losses in early August and regained its steady northbound journey. Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — are up 8.4%, 18.5% and 21.4%, respectively. Large-cap stocks across the board have also gained. This time, the rally is broad-based and not confined to the so-called "Magnificent 7." Stocks of various non-U.S. giants with a favorable Zacks Rank also surged. Four such stocks with strong earnings estimate revisions are Taiwan ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Eaton (ETN) . Eaton currently has an average brokerage recommend ...

Eaton Corporation's (ETN) operations will thrive on wide market reach and systematic R&D expenditures, which will create new products that are set to help its customers in efficient power management. Reindustrialization and Megatrends are creating more opportunities for the company. This power management solution provider has delivered an average earnings surprise of 4.67% in the last four quarters. Second-Quarter Recap Eaton's second-quarter 2024 earnings of $2.73 per share surpassed the Zacks Consensus Es ...

The combined uncertainty surrounding upcoming elections and economic prospects has investors seeking ways to generate profits regardless of outcomes. While a potential recession could impact most companies, certain trades may rely less on election results. According to analysts at Societe Generale (OTCMKTS:SCGLY), industrial stocks reshoring production from overseas markets to domestic facilities represent one such opportunity. The reshoring trend predates the pandemic, with manufacturers returning operatio ...

Eaton Corporation (ETN) reported second-quarter 2024 earnings of $2.73 per share, which surpassed the Zacks Consensus Estimate by 4.6%. The bottom line increased 24% year over year and came ahead of the earnings guidance of $2.52-$2.62 per share. The improvement can be attributed to increased project activity tied to a multi-year restructuring program and the contribution of acquired assets. GAAP earnings for the reported quarter were $2.48, up 33% from $1.86 in the year-ago quarter. The difference between ...

For the quarter ended June 2024, Eaton (ETN) reported revenue of $6.35 billion, up 8.3% over the same period last year. EPS came in at $2.73, compared to $2.21 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $6.35 billion, representing a surprise of -0.02%. The company delivered an EPS surprise of +4.60%, with the consensus EPS estimate being $2.61. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compa ...

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 ...

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 ...

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 ...

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 ...