Eaton (ETN) is expected to report an improvement in its top and bottom lines when it reports second-quarter 2024 results on Aug 1, before market open. Image Source: Zacks Investment Research The Zacks Consensus Estimate for ETN's second-quarter revenues is pegged at $6.35 billion, indicating an 8.2% increase from the year-ago reported figure. The consensus estimate for earnings is pegged at $2.61 per share. The Zacks Consensus Estimate for ETN's second-quarter earnings has moved up 2.4% in the past 90 days. ...

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 need to build new and upgrade existing infrastructure is crucial to spur growth and investment across the country. This surge in investment will go towards new highways, roads and bridges, power infrastructure, railroad freight, broadband and clean energy infrastructure. These initiatives present an incredible opportunity for investors to benefit from the increase in infrastructure spending. Now, let's discover the top three overlooked infrastructure stocks you'll regret not buying in 2024! Source: Shut ...

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 ...

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 ...