nVent Electric PLC expected to post earnings of 61  cents a share - Earnings Preview

nVent Electric

26/04/2023 15:54

* nVent Electric PLC  NVT.N   NVT  is expected to show a
rise in
quarterly revenue when it reports  results on April 28. 
    * The London United Kingdom-based   company is expected to
report 
a 5.4% increase in revenue to $732.449 million from $694.7
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. The company's guidance on
April 19 2023, for the period ended March 31, was for revenue of
$741.000 million.
    * ​Refinitiv's mean analyst estimate for nVent Electric PLC
is for
earnings of 61 cents per share. The company's EPS guidance on
April 19 2023, for the period ended March 31, was between $0.66
and $0.67 
    * 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 $52.5​, above​ its last closing price of $43.50. ​​​

The company's guidance on April 19 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD146 million and USD148 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.58        0.58       0.66      Beat    13.2
 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.        0.48        0.48       0.50      Beat    3.9
 31 2021                                                
 Sep. 30 2021  0.48        0.48       0.53      Beat    9.8​
 Jun. 30 2021  0.41        0.40       0.50      Beat    25.4
 Mar. 31 2021  0.35        0.35       0.43      Beat    22.4
 This summary was machine generated April 26 at 14:54 GMT.  All
figures in US dollars  unless otherwise stated