Preview: Eaton Corp's Earnings
Portfolio Pulse from Benzinga Insights
Eaton Corp (NYSE:ETN) is set to release its latest quarterly earnings report on Tuesday, 2023-08-01. Analysts estimate an earnings per share (EPS) of $2.11. Last quarter, the company beat EPS by $0.10, which was followed by a 0.5% drop in the share price. Shares of Eaton Corp were trading at $203.3 as of July 28, with a 52-week increase of 39.69%.
July 31, 2023 | 4:01 pm
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Eaton Corp is expected to report an EPS of $2.11 in its upcoming earnings. Last quarter's EPS beat resulted in a 0.5% share price drop. The stock has seen a 39.69% increase over the last 52 weeks.
Eaton Corp's earnings report is a significant event that could impact its stock price. Last quarter, despite beating EPS estimates, the stock price dropped by 0.5%. However, the stock has been performing well over the past year, with a 39.69% increase. The upcoming earnings report could either continue this positive trend or result in a price drop depending on whether the company meets or exceeds the estimated EPS and the market's reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100