Parker Hannifin Q2 Adj. EPS $6.15 Beats $5.26 Estimate, Sales $4.82B Beat $4.81B Estimate
Portfolio Pulse from Benzinga Newsdesk
Parker Hannifin (NYSE:PH) reported Q2 adjusted EPS of $6.15, surpassing the $5.26 estimate, marking a 16.92% beat and a 29.2% increase from last year's $4.76. Sales reached $4.82B, slightly above the $4.81B estimate, representing a 3.10% year-over-year growth.
February 01, 2024 | 12:38 pm
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Parker Hannifin reported a significant beat on both EPS and sales estimates for Q2, with EPS at $6.15 against a $5.26 estimate and sales at $4.82B versus a $4.81B estimate.
The substantial beat on both earnings per share and sales estimates for Q2 indicates strong financial health and operational efficiency. This performance, especially the significant EPS beat and year-over-year growth, is likely to positively influence investor sentiment and potentially lead to a short-term uptick in PH's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100