Eaton Corp ETN reported its Q2 earnings results on Tuesday, August 2, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Eaton Corp beat estimated earnings by 2.75%, reporting an EPS of $1.87 versus an estimate of $1.82.
Revenue was down $3.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 2.29% increase in the share price the next day.
Here's a look at Eaton Corp's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 1.60 | 1.71 | 1.73 | 1.55 |
EPS Actual | 1.62 | 1.72 | 1.75 | 1.72 |
Revenue Estimate | 4.79B | 4.90B | 5.02B | 4.91B |
Revenue Actual | 4.84B | 4.80B | 4.92B | 5.21B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Eaton Corp management provided guidance for FY 2022, expecting earnings between $7.36 and $7.76 per share.
To track all earnings releases for Eaton Corp visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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