Earnings Outlook For Parker Hannifin
Portfolio Pulse from Benzinga Insights
Parker Hannifin (NYSE:PH) is expected to release its quarterly earnings report on Thursday, 2024-02-01, with analysts predicting an EPS of $5.26. Investors are looking for an earnings beat and positive guidance for future growth. In the past, earnings beats have not always led to stock price increases. Shares are currently trading at $477.86, up 39.15% over the last year. The company's past earnings performance and stock price changes post-earnings are mixed, with both increases and decreases in share price following earnings reports.
January 31, 2024 | 4:02 pm
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Parker Hannifin is anticipated to release its earnings report with a focus on whether it will beat the expected EPS of $5.26 and provide positive future guidance. Historical data shows mixed stock price reactions post-earnings.
While Parker Hannifin is expected to report an EPS of $5.26, past performance indicates that an earnings beat does not necessarily result in a stock price increase. The stock's positive year-to-date performance may already reflect investor optimism, potentially limiting the impact of the earnings report unless there is significant deviation from expectations or notable future guidance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100