Eaton (ETN) To Report Q1 Earnings: What's In The Cards?
Zacks Investment Research | Apr 25, 2018 08:28AM ET
Eaton Corporation (NYSE:ETN) is slated to report first-quarter 2018 financial results, before the market opens, on May 1. The power management company delivered a positive earnings surprise of 3.20% in the last quarter. Let’s see how things are shaping up for this earnings season.
Factors to Consider
Eaton expects first-quarter earnings in the range of $1.00-$1.10 per share and organic revenues to expand 4%. The company expects that negative revenue impact from JV will wipe out gains derived from currency movement.
The Zacks Consensus Estimate for total revenues of $5,089 million for the quarter reflects a 2.4% drop sequentially. Electric Products segment is a major contributor to Eaton’s total revenues. The Zacks Consensus Estimate of $1,789 million for this segment’s revenues projects a drop of 1.8% sequentially.
Eaton is expected to gain from its restructuring initiatives and share repurchases, completed in the last two years.
Earnings Whispers
Our proven model does not show that Eaton is likely to beat estimates this quarter, as it does not possess the key components. A stock needs to have both a positive Zacks Investment Research
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