Is A Beat In Store For Parker-Hannifin (PH) In Q3 Earnings?
Zacks Investment Research | Apr 22, 2018 11:00PM ET
Parker-Hannifin Corporation (NYSE:PH) is scheduled to report third-quarter fiscal 2018 results on Apr 26, before the opening bell.
Parker-Hannifin has an excellent earnings surprise history, with an average positive surprise of 8.5% in the trailing four quarters. The company recorded its 10th consecutive earnings beat in the last reported quarter, surpassing estimates by 4.4%. In the to-be-reported quarter, the company is expected to deliver strong numbers in the Diversified Industrial segment business, which constitutes a significant portion of total revenues.
Let’s see how things are shaping up for this announcement.
Earnings Whispers
Our proven model shows that Parker-Hannifin has the right combination of the two key ingredients to beat estimates. A stock needs to have a positive Original post
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