Eaton Corporation, PLC (NYSE:ETN) is reporting third quarter earnings results on Tuesday 3rd November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.04 per share.
For the full year, analysts predict revenues of $ 17272.20 million, while looking forward to income of $ 3.95 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 5.60 ~ $ 5.90 per share
Click Here For More Historical Outlooks Of Eaton Corporation, PLC
Previous Quarter Performance
Eaton Corporation, PLC posted income for the second quarter of $ 0.70 per share, from the revenue of $ 3,856.00 million. The quarterly earnings 54.25 percent while revenues shrunk 30.31 percent compared with the same quarter last year.
According to street consensus, ETN was expected to report 2Q20 income of $ 0.53 per share from revenue of $ 3685.38 million. The bottom line results beat street analysts by $ 0.17 or 32.08 percent, at the same time, top line results outshined analysts by $ 170.62 million or 4.63 percent.
Stock Performance
Shares of Eaton Corporation, PLC traded up $ 3.55 or 3.42 percent on Monday, reaching $ 107.34 with volume of 2.20 million shares. Eaton Corporation, PLC has traded high as $ 107.71 and has cracked $ 105.25 on the downward trend
The closing price of $ 107.34, representing a 83.96 % increase from the 52 week low of $ 56.42 and a 7.04 % decrease over the 52 week high of $ 111.65.
The company has a market capital of $ 42.95 billion and is part of the Industrials sector and Diversified Industrials industry.
Conference Call
Eaton Corporation, PLC will be hosting a conference call at 11:00 AM eastern time on 3rd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.eaton.com
Eaton Corporation plc operates as a power management company worldwide. Its Electrical Products segment offers electrical and industrial components, wiring devices, and structural support systems; and residential, single phase power quality, emergency lighting and fire detection, and circuit protection and lighting products. The companys Electrical Systems and Services segment provides power distribution and assemblies, three phase power quality products, hazardous duty electrical equipment, explosion-proof instrumentation, utility power distribution equipment, power reliability equipment, and services.
