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Tickers in this Article: EMR
Emerson Electric (NYSE:EMR) announced its results for the most recent quarter on November 6, 2012. Emerson Electric is a multinational technology company that designs and supplies product technology. It provides engineering services to a wide gamut of industrial, commercial, and consumer markets worldwide.

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The Numbers: Emerson Electric's revenues topped expectations, though the company's EPS fell short of predictions. The company reported 39 cents per share versus the $1.05 per share estimate and revenues of $6.7 billion versus the $6 billion estimate. EPS fell 61.4% while revenue climbed 2.4% from the same period last year. Emerson Electric's revenue has grown during each of the past three quarters on a year-over-year basis. The company's net income for the quarter was $282 million. According to the reported number, this is down 62.9% from last year's figures.

Management Quote: "Emerson delivered another solid year of operational performance in 2012 despite a challenging global macroeconomic environment," said Chairman and Chief Executive Officer David N. Farr. "The global economic climate is unusually weak for this stage in a normal recovery cycle. Our businesses remained focused on execution and managing through uncertain market conditions - hallmarks of Emerson's culture. The record operating margin performance reflects our continuing efforts to drive innovation and operational excellence despite unique challenges, and provides a solid foundation as we move into 2013."

A Look Back: Net income has dropped 14.7% year-over-year on average across the last five quarters. Performance was hurt by a 62.9% decline in the most recent quarter from the year-earlier quarter.

Looking Ahead: The outlook for the company's results in the upcoming quarter is unfavorable. The average estimate for the first quarter of the next fiscal year is 65 cents per share, down from 75 cents 90 days ago. Decreasing earnings estimates is generally a negative sign as it suggests analyst believe future earnings to be weaker than previously anticipated. At $3.34 per share, the average estimate for the fiscal year has fallen from $3.37 90 days ago.

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