nVent Electric PLC expected to post earnings of 58cents a share - Earnings Preview

nVent Electric

03/02/2023 16:01

* nVent Electric PLC  NVT.N   NVT  is expected to show a
rise in
quarterly revenue when it reports  results on February 7. 
    * The London United Kingdom-based   company is expected to
report 
a 6.3% increase in revenue to $710.84 million from $669 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. The company's guidance on October 28
2022, for the period ended December 31, was for revenue between
$695.76 million and $709.14 million.
    * ​Refinitiv's mean analyst estimate for nVent Electric PLC
is for
earnings of 58 cents per share. The company's EPS guidance on
October 28 2022, for the period ended December 31, was between
$0.56 and $0.58 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for nVent
Electric
PLC is $42​, above​ its last closing price of $39.37. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  0.60        0.59       0.66      Beat    11.1
 Jun. 30 2022  0.54        0.54       0.57      Beat    6.2
 Mar. 31 2022  0.44        0.44       0.50      Beat    13.2​
 Dec. 31 2021  0.48        0.48       0.50      Beat    3.9
 ​​Sep.        0.48        0.48       0.53      Beat    9.8
 30 2021                                                
 Jun. 30 2021  0.41        0.40       0.50      Beat    25.4​
 Mar. 31 2021  0.35        0.35       0.43      Beat    22.4
 Dec. 31 2020  0.42        0.42       0.43      Beat    2.1
 This summary was machine generated February 3 at 16:01 GMT.  All
figures in US dollars  unless otherwise stated