Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? 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 recommendation (ABR ...

Eaton (ETN) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this power management company have returned +5.1% over the past month versus the Zacks S&P 500 composite's -0.3% change. The Zacks Manufacturing - Electronics industry, to which Eaton belongs, has gained 0.2% over this period. Now the key question is: Where could the stock be headed in the near term?Although m ...

Industrial stocks have been on a tear, and there are various reasons for optimism. The Biden Administration’s Infrastructure Investment and Jobs Act (IIJA) authorized spending $850 billion across hundreds of different projects around the nation. Disbursement of that money is already well under way, with a great deal of jobs and economy activity arising as a result; this has been a massive stimulative event for industrial stocks.In addition, technological breakthroughs are driving activity in the space. Elec ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the trad ...

Have you been paying attention to shares of Eaton (ETN) ? Shares have been on the move with the stock up 1.1% over the past month. The stock hit a new 52-week high of $333.06 in the previous session. Eaton has gained 32.2% since the start of the year compared to the 5.6% move for the Zacks Industrial Products sector and the 15.2% return for the Zacks Manufacturing - Electronics industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our ear ...

Guidance lifts commonly inject positivity into shares, with investors scrambling to get in and ride the momentum. Companies raise their outlooks when business is fruitful, sending a bullish message to shareholders.Recently, several companies, including Coca-Cola (KO) , Eaton (ETN) , and Eli Lilly (LLY) , have raised their outlooks, with shares moving higher following the announcements.For those interested in recent bullish activity, let’s take a closer look at each.Coca-ColaBeverage titan Coca-Cola posted E ...

Financial Data and Key Metrics Changes - The company reported an adjusted EPS of $2.40 for the quarter, which is a record for the quarter and represents a 28% increase from the prior year [2][81] - Operating cash flow was $475 million, up 42% year-over-year, and free cash flow was $292 million, up 40% compared to the previous year [81] - The company raised its guidance for organic growth by 50 basis points and segment margins by 40 basis points for the year [11][28] Business Line Data and Key Metrics Changes - Electrical Americas achieved organic sales growth of 17%, with an all-time record operating margin of 29.2%, up 630 basis points from the prior year [8] - The Electrical Global segment saw organic growth of 1%, with operating margin flat at 18.3% [82] - The e-mobility business experienced a 7% increase in sales, with an unchanged full-year growth guidance of 25% to 35% [10] Market Data and Key Metrics Changes - The number of announced mega projects in North America has reached 415, with a total value exceeding $1 trillion [4][98] - The nonresidential construction market for projects under $1 billion is projected to exceed $500 billion in 2024, reflecting a 16% CAGR since 2021 [78] - The data center market is expected to grow at a compounded rate of 25% between 2022 and 2025, driven by AI and big data [101] Company Strategy and Development Direction - The company is focused on leveraging mega trends such as reindustrialization and decarbonization to drive growth [5][3] - Investments are being made to address capacity constraints and support anticipated demand, with a planned $1 billion in incremental investments [144] - The company aims to narrow the margin gap between its Electrical Americas and Electrical Global segments through restructuring efforts [135] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver higher growth and margins, supported by strong execution and a robust backlog [28][96] - The company acknowledged labor constraints as a potential bottleneck but remains optimistic about growth opportunities in the Americas [30][134] - Management noted that while European markets are weaker than expected, they anticipate modest improvement in the second half of the year [118] Other Important Information - The company reported a cancellation rate of around 10% for mega projects, which is below historical averages [98] - The backlog for Electrical and Aerospace segments reached $14.7 billion, with significant year-over-year growth [105] Q&A Session Summary Question: How does the company view labor as a constraint in the upcoming years? - Management acknowledged labor as a bottleneck but noted that participation rates in the construction industry are growing faster than the overall economy [87] Question: What is the outlook for the Electrical Global segment? - The segment is expected to see modest growth, with easier comparisons in the second half of the year [20] Question: How is the company addressing capacity constraints? - The company is investing in capacity expansion and signing multiyear agreements with customers to ensure support for demand [115][144] Question: What is the company's strategy regarding mega projects? - The company has a strong win rate in mega projects and is actively negotiating additional electrical content worth $1.4 billion [99] Question: How is the Electrical business performing in China? - The China business grew high single digits in Q1, with joint ventures performing particularly well [129]

Eaton Corporation (ETN) reported first-quarter 2024 earnings of $2.40 per share, which surpassed the Zacks Consensus Estimate by 5.3%. The bottom line increased 27.7% year over year and beat the earnings guidance of $2.21-$2.31 per share. The improvement was due to increased project activity tied to megatrends, reindustrialization and infrastructure spending.GAAP earnings for the reported quarter were $2.04, up 28.3% from $1.59 reported in the year-ago quarter. The difference between GAAP and operating earn ...

FORM 10-Q Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission file number 000-54863 EATON CORPORATION plc | Ireland | | 98-1059235 | | --- | --- | --- | | (State or other jurisdiction of incorporation or organization) | | (IRS Employer Identification Number) | | Eaton House, 30 Pembroke Road, Dublin 4, | Ireland | D04 Y0C2 | | ...