Earnings Outlook For Eaton Corp
Portfolio Pulse from Benzinga Insights
Eaton Corp (NYSE:ETN) is expected to release its quarterly earnings report on February 1, 2024. Analysts predict an EPS of $2.47. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Eaton's stock price has reacted to both earnings outcomes and guidance. Last quarter, Eaton beat the EPS estimate by $0.13, leading to a 3.33% stock price increase the following day. Over the past year, ETN shares have risen by 53.79%, trading at $250.27 as of January 30.
January 31, 2024 | 3:01 pm
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Eaton Corp is anticipated to report quarterly earnings with an expected EPS of $2.47. A history of positive stock movement post-earnings and a 53.79% annual increase in share price suggest a potentially strong performance.
Given Eaton Corp's history of beating EPS estimates and the subsequent positive stock price reactions, there is a likelihood of a short-term positive impact on ETN's stock price if they beat the EPS estimate again and provide favorable future guidance. The stock's strong performance over the past year further supports investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100