Eaton (ETN) To Report Q3 Earnings: What's In The Offing?
Zacks Investment Research | Oct 22, 2019 08:10AM ET
Eaton Corporation (NYSE:ETN) is scheduled to release third-quarter 2019 earnings on Oct 29, 2019, before the market opens. This power management company delivered a positive earnings surprise of 0.66% in the last reported quarter.
Notably, it delivered average positive earnings surprise of 0.72% in the last four quarters.
Factors to Consider
Eaton expects third-quarter earnings per share in the range of $1.50-$1.60. The company bought back shares worth $440 million during first-half 2019 and the ongoing buyback of shares is likely to have had a positive impact on third-quarter earnings.
Improvement in end-market conditions is likely to have boosted third-quarter organic revenues. During the quarter, it formed a partnership with technology company KPIT, which aided its eMobility segment.
However, negative currency translation is expected to have offset some of the gains from these positive developments.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Eaton this time around. A stock needs to have both a positive
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