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Market Overview

Eaton: Q4 Earnings Insights

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Shares of Eaton Corp (NYSE:ETN) decreased 0.2% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share decreased 6.57% year over year to $1.28, which beat the estimate of $1.20.

Revenue of $4,687,000,000 decreased by 10.52% from the same period last year, which beat the estimate of $4,620,000,000.

Looking Ahead

Q1 EPS expected to be between $0.87 and $0.97.

Conference Call Details

Date: Feb 02, 2021

Time: 11:00 AM

ET Webcast URL: https://www.eaton.com/us/en-us/company/investor-relations/financial-presentations-webcasts.html

Price Action

Company's 52-week high was at $130.00

Company's 52-week low was at $56.41

Price action over last quarter: Up 15.57%

Company Overview

Eaton is a diversified power management company operating for over 100 years. The company operates through various segments, including electrical products, electrical systems and services, aerospace, vehicle, and most recently, e-mobility. Eaton's portfolio can broadly be divided into two halves. One part of its portfolio is housed under its industrial sector umbrella, which serves a large variety of end markets like commercial vehicles, general aviation, trucks, and construction markets, among others. The other portion is Eaton's electrical sector portfolio, which was strengthened with its acquisition of Cooper Industries in 2012. While the company receives favorable tax treatment as a domiciliary of Ireland, most of its operations take place in the U.S.

 

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Posted-In: BZI-RecapsEarnings News

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