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 ...

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 ...

The most recent trading session ended with Eaton (ETN) standing at $323.24, reflecting a -1.33% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.25%. Elsewhere, the Dow saw an upswing of 0.77%, while the tech-heavy Nasdaq depreciated by 0.79%. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $10.56 per share and revenue of $25.15 billion. These totals would mark changes of +15.79% and +8.44%, respectively, from ...

Eaton Goes Global The need for intelligent power storage and use isn't just a regional phenomenon. AI data centers around the world will consume huge quantities of electricity, so Eaton should have plenty of work to do in the coming quarters. Let's do some globetrotting for a moment, if you don't mind. In the U.S. Eaton is helping Endurant Energy "deploy 10 battery storage projects in New York City." All told, these energy storage projects are valued at over $7 million. Hopping over to the United Kingdom, E ...

Bank of America recently named electrical-components maker Eaton (NYSE:ETN) as one of the top 19 beneficiaries of the electrification of the economy. Among the trends that will create large increases in the demand for electricity are the proliferation of AI and data centers, the bank noted. Given the huge cash reserves of many firms driving the latter trends, including Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) these developments are unlikely to falter from slowing economic growth. Moreover, very few ...

Over the past week, the XLI ETF has been consolidating in a tight range, with its 20 and 50-day Simple Moving Averages (SMA) acting as resistance. A breakout above these levels could transform the ETF's daily chart from indicating a potential double-top to showcasing a bullish consolidation on the verge of a significant breakout. This setup indicates that the sector might be gearing up for a strong upward move if resistance turns into support soon. So, let's examine the sector and its ETF more closely and e ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Eaton (ETN) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Eaton currently has an average brokerage recommendation (ABR) of ...

It has been about a month since the last earnings report for Eaton (ETN) . Shares have added about 6.7% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Eaton due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Eaton Q1 Earnings Beat Estimates, 2024 View Raised Eaton Co ...

Investment Rating - The report maintains a "Buy" rating for the company [14][29]. Core Views - The company is expected to benefit from strong growth in its North American electrification business and stable market share in large infrastructure projects [2][25]. - The company has shown impressive performance in its electrification business, with a significant increase in net profit and operating profit margin [2][15]. - The overall revenue growth forecast for 2024-2026 is positive, with expected increases in both revenue and net profit [29]. Financial Forecasts and Key Metrics - Revenue (in million USD) is projected to grow from 20,752 in 2022 to 28,070 in 2026, with annual growth rates of 5.7%, 11.8%, 7.3%, 6.4%, and 5.9% respectively [1]. - Net profit (in million USD) is expected to rise from 2,462 in 2022 to 4,369 in 2026, reflecting growth rates of 14.8%, 30.7%, 12.3%, 10.1%, and 9.8% [1]. - Earnings per share (EPS) is forecasted to increase from 6.16 in 2022 to 11.15 in 2026 [1]. - The EBIT margin is projected to improve from 14.4% in 2022 to 18.3% in 2026 [1]. - Return on equity (ROE) is expected to rise from 14.5% in 2022 to 17.2% in 2026 [1]. - The price-to-earnings (P/E) ratio is forecasted to decrease from 53.3 in 2022 to 29.5 in 2026, indicating a more attractive valuation over time [1]. Business Performance - In Q1 2024, the company achieved a net profit of 820 million USD, a year-on-year increase of 29% [2][15]. - The operating profit margin for Q1 2024 was reported at 23.1%, up 3.4 percentage points year-on-year [2][15]. - The electrification business in North America saw a revenue increase of 17% year-on-year in Q1 2024, with an operating profit margin of 29.2% [10][15]. - The company has a strong order backlog, with total orders in the electrification business amounting to 11.3 billion USD, a 19% increase from the end of 2023 [25]. Market Trends - The company is expected to benefit from trends in re-industrialization, electrification, and energy transition, particularly in North America and Europe [2][25]. - The demand for data centers and grid construction is anticipated to drive growth in the company's order and performance [2][25].

Eaton Corp. plc (ETN) , with its rising backlogs, systematic capital expenditure, rising earnings estimates and strong ROE, offers a great investment opportunity in the Industrial Products sector. Let's focus on the reasons that make this Zacks Rank #2 (Buy) stock a solid investment pick at the moment. Growth Projections & Surprise History The Zacks Consensus Estimate for ETN's 2024 earnings per share (EPS) has increased 3.2% to $10.56 in the past 90 days. The Zacks Consensus Estimate for ETN's total revenu ...