Eaton Q2 Outlook: GAAP EPS $2.19-$2.29 Vs. $2.33 Estimate, Adj. EPS $2.52-$2.62 Vs. $2.50 Estimate
Portfolio Pulse from Benzinga Newsdesk
Eaton Corporation (ETN) provided its Q2 and full-year 2024 earnings guidance, forecasting Q2 EPS of $2.19-$2.29, below the $2.33 estimate, and adjusted EPS of $2.52-$2.62, above the $2.50 estimate. Full-year adjusted EPS is expected to be $10.20-$10.60.
April 30, 2024 | 10:32 am
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Eaton Corporation projects Q2 EPS below estimates but adjusted EPS above expectations, with a positive full-year adjusted EPS outlook.
Eaton's guidance indicates a mixed short-term outlook with a lower than expected Q2 EPS but a stronger adjusted EPS, suggesting operational efficiencies or lower impact from charges than anticipated. The positive full-year adjusted EPS guidance could signal confidence in the company's performance and growth prospects, potentially leading to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100