nVent Electric PLC expected to post earnings of 69  cents a share - Earnings Preview

nVent Electric

26/07/2023 13:59

* nVent Electric PLC  NVT.N   NVT  is expected to show a
rise in
quarterly revenue when it reports  results on July 28. 
    * The London United Kingdom-based   company is expected to
report 
a 11.5% increase in revenue to $810.84 million from $727.5
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for nVent Electric PLC
is for
earnings of 69 cents per share. The company's EPS guidance on
April 28 2023, for the period ended June 30, was between $0.66
and $0.68 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 9.2%
in the last three months. ​
    * Wall Street's median 12-month price target for nVent
Electric
PLC is $57​, above​ its last closing price of $52.86. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.67        0.67       0.67      Met     0
 Dec. 31 2023  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.        0.44        0.44       0.50      Beat    13.2
 31 2022                                                
 Dec. 31 2021  0.48        0.48       0.50      Beat    3.9​
 Sep. 30 2021  0.48        0.48       0.53      Beat    9.8
 Jun. 30 2021  0.41        0.40       0.50      Beat    25.4
 This summary was machine generated July 26 at 12:59 GMT.  All
figures in US dollars  unless otherwise stated