Portfolio Management Strategy - The individual has 22 years of experience in the energy industry, with roles in engineering, planning, and financial analysis, and has been managing their own portfolio since 1998 [1] - The portfolio management goal is to match the S&P 500 return over the long term with lower volatility and higher income [1] - The investment strategy focuses on long-term holdings unless there is a compelling reason to sell, with a preference for buying when the price is low relative to intrinsic value to maximize total return over time [1] - Investment opportunities are considered without regard to asset class, market cap, sector, or yield [1] Analyst's Position and Disclosure - The analyst holds a beneficial long position in ETN through stock ownership, options, or other derivatives [2] - The article expresses the analyst's own opinions and is not influenced by compensation or business relationships with any mentioned companies [2]

Eaton (ETN) reported $6.35 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 7.9%. EPS of $2.84 for the same period compares to $2.47 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.37 billion, representing a surprise of -0.35%. The company delivered an EPS surprise of +1.43%, with the consensus EPS estimate being $2.80.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Eaton (ETN) came out with quarterly earnings of $2.84 per share, beating the Zacks Consensus Estimate of $2.80 per share. This compares to earnings of $2.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.43%. A quarter ago, it was expected that this power management company would post earnings of $2.61 per share when it actually produced earnings of $2.73, delivering a surprise of 4.60%.Over the last four quarters, the comp ...

Eaton Corporation (ETN) is expected to report an improvement in its top and bottom lines when it reports third-quarter 2024 results on Oct. 31, before market open.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for ETN’s third-quarter revenues is pegged at $6.37 billion, indicating an 8.3% increase from the year-ago reported figure.The consensus estimate for earnings is pegged at $2.8 per share. The Zacks Consensus Estimate for ETN’s third-quarter earnin ...

The upcoming report from Eaton (ETN) is expected to reveal quarterly earnings of $2.80 per share, indicating an increase of 13.4% compared to the year-ago period. Analysts forecast revenues of $6.37 billion, representing an increase of 8.3% year over year. The current level reflects an upward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Prio ...

Eaton (ETN) closed the latest trading day at $344.49, indicating a -0.23% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.03%. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, added 0.56%.The power management company's stock has climbed by 3.68% in the past month, exceeding the Industrial Products sector's loss of 2.91% and the S&P 500's gain of 1.39%.Analysts and investors alike will be keeping a close eye on the performance of Eat ...

The most recent trading session ended with Eaton (ETN) standing at $345.29, reflecting a +0.1% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.22% gain on the day. At the same time, the Dow lost 0.33%, and the tech-heavy Nasdaq gained 0.76%.The power management company's shares have seen an increase of 4.99% over the last month, surpassing the Industrial Products sector's loss of 1.98% and the S&P 500's gain of 1.47%.Investors will be eagerly watching for the performance o ...

The market expects Eaton (ETN) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 31, 2024, might help the stock move higher if these key numbers are be ...

Core Insights - The third-quarter 2024 earnings season for the Zacks Industrial Products sector has begun with positive results from a small number of companies, but overall performance is expected to decline due to ongoing softness in the manufacturing sector [1][3] - The sector's earnings are projected to decline by 7.6% year-over-year, while revenues are expected to fall by 3.3% [1] Earnings Performance - As of October 16, 3.8% of S&P 500 companies in the Industrial Products sector reported earnings that beat estimates [1] - Companies like Zebra Technologies, Eaton Corporation, Ingersoll Rand, and Xylem are anticipated to exceed earnings estimates in this reporting cycle [2] Manufacturing Sector Challenges - The manufacturing sector continues to face challenges, with the Manufacturing PMI at 47.2% in September, indicating contraction for six consecutive months [3] - The New Orders Index also remains in contraction territory at 46.1%, reflecting a slowdown in orders compared to earlier in the year [3] Positive Factors - Companies exposed to the aerospace market are benefiting from strong demand in the commercial aftermarket due to recovery in flight hours [4] - Resilience in nondurables, business supplies, food & beverage, and defense markets is expected to positively impact the sector's results [4] - Digitization and technological advancements are enhancing competitiveness and productivity within the sector [4] Company-Specific Insights - Zebra Technologies is expected to report a 272.4% year-over-year increase in earnings, driven by strength in mobile computing products and digital capabilities [6] - Eaton Corporation anticipates a 13.4% year-over-year increase in earnings, supported by R&D and demand from AI data centers [7] - Ingersoll Rand is projected to see a 6.5% year-over-year increase in earnings, aided by strong orders in its Industrial Technologies & Services segment [8] - Xylem expects a 12.1% year-over-year increase in earnings, benefiting from demand for advanced technology solutions and infrastructure projects [9]

Eaton Corporation’s (ETN) trailing 12-month return on equity of 21.45% is better than the industry average of 10%. Return on equity, a profitability measure, reflects how effectively a company utilizes its shareholders’ funds to generate income.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. Expansion of existing assets and strategic acquisitions are further expanding its market re ...