It's Showtime for Emerson Electric
Emerson Electric (NYSE: EMR) is expected to report Q3 earnings on Aug. 7. Here's what Wall Street wants to see.
The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict Emerson Electric's revenues will increase 4.9% and EPS will increase 11.1%.
The average estimate for revenue is $6.60 billion. On the bottom line, the average EPS estimate is $1.00.
Last quarter, Emerson Electric chalked up revenue of $5.92 billion. GAAP reported sales were 1.1% higher than the prior-year quarter's $5.85 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.74. GAAP EPS of $0.74 for Q2 were 1.4% higher than the prior-year quarter's $0.73 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 39.5%, 10 basis points better than the prior-year quarter. Operating margin was 16.5%, 40 basis points worse than the prior-year quarter. Net margin was 9.2%, 30 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $24.72 billion. The average EPS estimate is $3.36.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,382 members out of 1,409 rating the stock outperform, and 27 members rating it underperform. Among 341 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 332 give Emerson Electric a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Emerson Electric is outperform, with an average price target of $57.75.
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