Eaton Corporation PLC reports results for the quarter ended June 30 - Earnings Summary

• Eaton Corporation PLC ETN reported quarterly adjusted earnings of $2.95​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $2.73. The mean expectation of twenty analysts for the quarter was for earnings of $2.92 per share. Wall Street expected results to range from $2.90 to $2.97 per share.

• Revenue rose 10.7% to $7.03 billion from a year ago; analysts expected $6.91 billion.

• Eaton Corporation PLC's reported EPS for the quarter was $2.51​.

• The company reported quarterly net income of $982 million.

• Eaton Corporation PLC shares had risen by 7.8% this quarter and gained 15.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Eaton Corporation PLC is $380.00, about 1.3% below its last closing price of $384.76

This summary was machine generated from LSEG data August 5 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)