ETN’s earnings estimates: Are they on track to meet expectations?

In the current trading session, Eaton Corporation plc’s (ETN) stock is trading at the price of $316.87, a fall of -0.12% over last night’s close. So, the stock is trading at a price that is -4.40% less than its 52-week high of $331.47 and 102.09% better than its 52-week low of $156.80. Based on the past 30-day period, the stock price is -4.53% below the high and +7.02% above the low.

The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, ETN’s SMA-200 is $239.73.

It is also essential to consider ETN stock ratios like the price-to-sales ratio, which is 5.46 for the last year.Likewise, its price to free cash flow for the last twelve months stands at 44.20. ETN’s price to book ratio for the most recent quarter was 6.65, resulting in an 48.57 price to cash per share for the period.

How does Eaton Corporation plc (ETN) stock rate among analysts? Buy, sell, or hold?

The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 17 brokerage firms that recommend the stock as a Moderate Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.24 in simple terms.

Eaton Corporation plc (ETN): Earnings History

If we examine Eaton Corporation plc’s recent earnings history, in the last quarter ended on 12/30/2023, it posted adjusted earnings per share of $2.55, slashing the consensus of $2.47. In other words, it topped the consensus by $0.08, resulting in a 3.20% surprise. In the 3 months period before the previous quarter which was closed on 12/30/2023, the stock recorded adjusted earnings per share of $2.55 in contrast with the Outlook of $2.47. That was a difference of $0.08 and a surprise of 3.20%.

Eaton Corporation plc (ETN): Earnings History

Most analysts expect public companies to report earnings and revenue in line with their projections, but sometimes these figures vary from what they actually expected. In the current quarter, the company had earnings predictions made by 6 different analysts, who are expecting earnings to fall in between the range of 2.32 and 2.25 with an average Earnings Estimate of 2.28 which is in contrast with the last year earnings estimate of 1.88 and also replicates 21.28% growth rate year over year.

Eaton Corporation plc (NYSE: ETN) Ownership Details

I will give a breakdown of the key shareholders in Eaton Corporation plc (ETN). Recent figures show that the company’s insiders hold 0.20% of shares. A total of 2,305 institutional investors hold shares in the company, making 85.99% of its stock and 86.16% of its float.

Jun 29, 2023, it was reported that the Company’s largest institutional holder is Vanguard Group Inc holding total of 36.16 million shares that make 9.06% of the company’s total number of shares and are currently priced at 7.27 billion.

The securities firm Blackrock Inc. holds 26.88 million shares of ETN, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 6.74%, and the holding percentage of shares is valued at 5.41 billion.

An overview of Eaton Corporation plc’s technicals

In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Eaton Corporation plc (ETN) traded 2,181,956 shares per day, with a moving average of $313.94 and price change of +16.15. With the moving average of $295.77 and a price change of +70.37, about 2,016,786 shares changed hands on average over the past 50 days. Finally, ETN’s 100-day average volume is 1,753,470 shares, alongside a moving average of $266.13 and a price change of +89.65.

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