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Eaton Second Quarter Earnings Preview
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In the lead up to Eaton's (NYSE:ETN) announcement of its second quarter earnings on Monday, July 23, 2012 analysts' expectations have fallen over the past month to earnings of $1.10 per share from earnings of $1.12 per share.
Earnings play an important role in measuring the appropriate valuation for a stock. Investors should be cautious if the company's stock price is high but it consistently has low earnings. SEE: Surprising Earnings Results
What to Expect: Eaton is expected to report $1.10 per share, up 13.4% from a year ago when the company reported earnings of 97 cents per share.
Three months ago, the consensus estimate was $1.12. For the fiscal year, analysts are projecting earnings of $4.41 per share.
Eaton is expected to report revenue of $4.25 billion for the quarter, beating last year's figure of $4.09 billion by 3.9%. Eaton is expected to report revenue of $16.97 billion for the fiscal year.
Company Performance: Revenue for Eaton has been on the rise for four consecutive quarters. It increased 4.1% to $3.96 billion in the first quarter. Prior to that, the figure rose 10.1% in the fourth quarter of the last fiscal year, 15.5% in the third quarter of the last fiscal year and 21.1% in the second quarter of the last fiscal year.
One of the most important estimates of stock market valuation is the price/earnings ratio (P/E ratio). A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: How To Find P/E And PEG Ratios
The stock price has fallen 19.1% since April 20, 2012, from $47.44 to $38.37. Eaton's stock price is currently on the rise. Since July 11, 2012 business days the stock has risen $1.33 per share.
Earnings play an important role in measuring the appropriate valuation for a stock. Investors should be cautious if the company's stock price is high but it consistently has low earnings. SEE: Surprising Earnings Results
What to Expect: Eaton is expected to report $1.10 per share, up 13.4% from a year ago when the company reported earnings of 97 cents per share.
Three months ago, the consensus estimate was $1.12. For the fiscal year, analysts are projecting earnings of $4.41 per share.
Eaton is expected to report revenue of $4.25 billion for the quarter, beating last year's figure of $4.09 billion by 3.9%. Eaton is expected to report revenue of $16.97 billion for the fiscal year.
Company Performance: Revenue for Eaton has been on the rise for four consecutive quarters. It increased 4.1% to $3.96 billion in the first quarter. Prior to that, the figure rose 10.1% in the fourth quarter of the last fiscal year, 15.5% in the third quarter of the last fiscal year and 21.1% in the second quarter of the last fiscal year.
One of the most important estimates of stock market valuation is the price/earnings ratio (P/E ratio). A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: How To Find P/E And PEG Ratios
The stock price has fallen 19.1% since April 20, 2012, from $47.44 to $38.37. Eaton's stock price is currently on the rise. Since July 11, 2012 business days the stock has risen $1.33 per share.
by
Investopedia Staff
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