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Eaton (ETN) Q4 Earnings & Revenues Beat Estimates, Orders Up

Zacks Equity Research
Updated

Eaton Corporation plc ETN, a diversified power management firm, is best known for its electrical components, systems and services. This Dublin, Ireland-based company has presence across the globe.

Eaton’s continuous focus on strategic acquisitions and debt reduction initiatives backed by stable cash generating capacity, geographically-diversified operations, and systematic investments in research and development activities to launch new products will likely boost its future performance.

However, owing to the nature of this industry, Eaton’s operation depends on numerous suppliers of raw materials. Any shortage of raw materials, price increase or supplier’s insolvencies can increase the company’s operating costs.

Estimate Trend & Surprise History

Investors should note that the fourth quarter Zacks Consensus Estimate for earnings of $1.25 per share has improved by a penny over the last 60 days.

Coming to the earnings surprise, Eaton Corporation has surpassed the Zacks Consensus Estimate in two out of the last four quarters, resulting in a positive average surprise of 2.63%.

Eaton Corporation, PLC Price and EPS Surprise
 

Eaton Corporation, PLC Price and EPS Surprise | Eaton Corporation, PLC Quote

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Zacks Rank: Currently, Eaton has a Zacks Rank#4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
.
However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.
 
We have highlighted some of the key details from the just-released announcement below:

Earnings: Eaton’s earnings were better than expectations. The Zacks Consensus Estimate called for fourth-quarter EPS of $1.25 and the company reported earnings of $1.29.

Revenue: Eaton’s revenues were better than estimates in the fourth quarter. The company posted revenues of $5,213 million in the fourth quarter, beating the Zacks Consensus Estimate of $5,090 million by 2.4%.

Key Stats: During fourth quarter orders improved year over year in each segment. Order in Electrical Systems and Services, Hydraulics, Electrical Products and Aerospace segments were up by 12%, 25%, 5%, and 9% year over year respectively.

Stock Price: It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.

Check back later for our full write up on this ETN earnings report later!

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Eaton Corporation, PLC (ETN) : Free Stock Analysis Report
 
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