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Is Eaton (ETN) a Solid Growth Stock? 3 Reasons to Think "Yes"
Zacks Investment Research· 2024-05-02 17:46
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 ...
Eaton Corporation, PLC (ETN) Hit a 52 Week High, Can the Run Continue?
Zacks Investment Research· 2024-05-01 14:16
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 ...
These 3 Companies Recently Lifted Guidance
Zacks Investment Research· 2024-04-30 22:56
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 ...
Eaton(ETN) - 2024 Q1 - Earnings Call Transcript
2024-04-30 18:51
Eaton Corporation PLC (NYSE:ETN) Q1 2024 Earnings Conference Call April 30, 2024 11:00 AM ET Company Participants Yan Jin - SVP, IR & Finance Transformation Craig Arnold - Chairman & CEO Olivier Leonetti - EVP & CFO Conference Call Participants Joseph Ritchie - Goldman Sachs Group Jeffrey Sprague - Vertical Research Partners Deane Dray - RBC Capital Markets Charles Tusa - JPMorgan Chase & Co. Andrew Obin - Bank of America Merrill Lynch Scott Davis - Melius Research Philip Buller - Berenberg Julian Mitchell ...
Eaton (ETN) Q1 Earnings Beat Estimates, 2024 View Raised
Zacks Investment Research· 2024-04-30 17:16
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 ...
Eaton(ETN) - 2024 Q1 - Quarterly Report
2024-04-30 16:07
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 Commission file number 000-54863 EATON CORPORATION plc (Exact name of registrant as specified in its charter) Ireland 98-1059235 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification Number) Eaton House,30 Pembroke Road, Dublin 4, Ireland D ...
Compared to Estimates, Eaton (ETN) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-04-30 14:35
Eaton (ETN) reported $5.94 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 8.4%. EPS of $2.40 for the same period compares to $1.88 a year ago.The reported revenue represents a surprise of +0.72% over the Zacks Consensus Estimate of $5.9 billion. With the consensus EPS estimate being $2.28, the EPS surprise was +5.26%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...
Eaton (ETN) Q1 Earnings and Revenues Surpass Estimates
Zacks Investment Research· 2024-04-30 12:41
Eaton (ETN) came out with quarterly earnings of $2.40 per share, beating the Zacks Consensus Estimate of $2.28 per share. This compares to earnings of $1.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.26%. A quarter ago, it was expected that this power management company would post earnings of $2.47 per share when it actually produced earnings of $2.55, delivering a surprise of 3.24%.Over the last four quarters, the comp ...
Eaton(ETN) - 2024 Q1 - Quarterly Results
2024-04-30 11:00
Exhibit 99 Eaton Reports Record First Quarter 2024 Results, with Strong Orders and Backlog Growth • First quarter earnings per share of $2.04 and adjusted earnings per share of $2.40, both up 28% over 2023 and first quarter records • First quarter record segment margins of 23.1%, 340 basis points above the first quarter of 2023 • 8% organic sales growth, at the high end of guidance, and strong backlog growth of 27% in Electrical and 11% in Aerospace • Raised full year 2024 organic sales, segment margin, ear ...
Why Earnings Season Could Be Great for Eaton (ETN)
Zacks Investment Research· 2024-04-29 13:36
Investors are always looking for stocks that are poised to beat at earnings season and Eaton Corporation plc (ETN) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Eaton is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good in ...