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Eaton (ETN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
ETN continues to benefit from reindustrialization and megatrends, which continue to create demand for efficient power management solution products.
Eaton is a beneficiary of secular trends like data center growth, electrification, and reshoring of manufacturing. The company continues to set EPS and operating margin records, but growth is expected to slow down in 2025. The stock is expensive for its growth rate compared to peers.
Eaton Corporation plc (NYSE:ETN ) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Yan Jin - IR Craig Arnold - Chairman & CEO Olivier Leonetti - EVP & CFO Conference Call Participants Andrew Obin - Bank of America Nigel Coe - Wolfe Research Jeffrey Sprague - Vertical Research Partners Chris Snyder - Morgan Stanley Steve Tusa - JPMorgan Jack Pilleteri - Barclays Scott Davis - Melius Research Joe Ritchie - Goldman Sachs Tim Thein - Raymond James Nicole DeBlase - Deutsche Bank Andy Kaplowitz - Citi Joseph O'Dea - Wells Fargo Brett Linzey - Mizuho Operator Ladies and gentlemen, thank you for standing by, and welcome to the Eaton Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
ETN's third-quarter earnings are better than expected. It raises its full year's segment margin and earnings per share guidance.
While the top- and bottom-line numbers for Eaton (ETN) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Eaton (ETN) came out with quarterly earnings of $2.84 per share, beating the Zacks Consensus Estimate of $2.80 per share. This compares to earnings of $2.47 per share a year ago.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
ETN's third-quarter earnings have benefited from strong demand generated from improving end-market conditions and high-quality products supplied to its customers.
Beyond analysts' top -and-bottom-line estimates for Eaton (ETN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
The latest trading day saw Eaton (ETN) settling at $344.49, representing a -0.23% change from its previous close.