Eaton Corporation plc (NYSE:ETN) is trading up 51.04% versus 12-month low of 44.50 and stands -3.99% lower from its 1-year peak of $70.00. The consensus price target (PT) of $69.00 means that the market expects Company shares to increase by 3.2% in the short run. The sell-side target prices range from $58 to $80. In the last month the stock has moved in price -2.57%, with a one year change of 41.94%. The last trading session volume compares with the 2.89M average and market worth floats around 30.51B.
Eaton Corporation plc (NYSE:ETN) gained 0.49% to reach at the trading price of $67.21 as it is set to release its next quarterly earnings report on February 07, 2017. Eaton Corporation plc stock trades in the range of $66.77 to $67.54 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $1.1 a share with $4.91B in revenue.
Eaton Corporation plc (ETN) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Eaton Corporation plc to earn $0.9 per share (EPS) on revenue of $4.75B. The EPS consensus range is $0.84-$0.94 on revenue between $4.95B and $4.63B.
While if we look at the Earnings Track Record, Eaton Corporation plc (ETN) managed to surpass quarterly earnings per share estimates in 9 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 75%. Last time the company reported, Eaton Corporation plc (ETN) generated $1.15 in earnings per share, beating the consensus estimate of $1.15. Revenues hit $4.99B in the September 2017 quarter, which was below the consensus $5.05B projection. On the other hand, in the June 2017 quarter the company recorded a net $5.08B revenue with earnings per share of $1.07. Wall Street had anticipated $5.06B and $1.07, respectively. For comparison, there was a revenue of $4.81B and EPS of $0.88 in the March 2016 period.
Eaton Corporation plc (NYSE:ETN) Analyst Insights
The buoyancy in the outlook of Eaton Corporation plc (ETN) is getting weaker by the somewhat negative sentiment (2.60 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Buy. JP Morgan has been covering shares of ETN, so it is most recent view is worth a look. In a research note issued on Jan 09, 2017, analysts at BofA/Merrill lifted the stock to Buy from Neutral. Another noteworthy analyst activity was recorded on Dec 09, 2016. JP Morgan Analysts lifted the stock to Overweight from Neutral.