Emerson Electric Q1 Adj. EPS $1.22 Beats $1.04 Estimate, Sales $4.12B Beat $3.92B Estimate
Portfolio Pulse from Benzinga Newsdesk
Emerson Electric (NYSE:EMR) reported Q1 adjusted EPS of $1.22, surpassing the $1.04 estimate, and sales of $4.12B, exceeding the $3.92B estimate. This represents a 56.41% increase in earnings and a 22.06% increase in sales compared to the same period last year.
February 07, 2024 | 11:56 am
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Emerson Electric reported a significant beat on both earnings and sales estimates for Q1, with adjusted EPS at $1.22 and sales of $4.12B, indicating strong financial performance.
The substantial beat on both earnings per share and sales estimates for Q1, coupled with significant year-over-year growth, suggests a positive outlook for Emerson Electric's stock in the short term. The company's ability to exceed analyst expectations by a notable margin is likely to instill investor confidence and could lead to upward price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100