Eaton Corp's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Eaton Corp (NYSE:ETN) is set to release its latest quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $2.34. The company's past performance shows a trend of beating EPS estimates but followed by a slight drop in share price. The stock is currently trading at $195.31, up 29.1% over the last 52-week period.
October 30, 2023 | 3:01 pm
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Eaton Corp is expected to report an EPS of $2.34 in its upcoming earnings. The company has a history of beating EPS estimates but experiencing slight share price drops afterwards. The stock has seen a 29.1% increase over the last 52 weeks.
Eaton Corp's upcoming earnings report is highly relevant to its stock price. The company has a history of beating EPS estimates, which is generally a positive signal. However, the stock has also shown a trend of slight price drops following earnings beats, indicating that investor reactions may be influenced by factors other than the earnings results, such as guidance. The stock's strong performance over the past year suggests a positive sentiment among investors.
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