nVent Electric PLC expected to post earnings of 73  cents a share - Earnings Preview

nVent Electric

25/10/2023 14:26

* nVent Electric PLC  NVT.N   NVT  is expected to show a
rise in
quarterly revenue when it reports  results on October 27. 
    * The London United Kingdom-based   company is expected to
report 
a 18.2% increase in revenue to $881.145 million from $745.2
million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. The company's guidance on
July 28 2023, for the period ended September 30, was for revenue
between $864.43 million and $879.34 million.
    * ​Refinitiv's mean analyst estimate for nVent Electric PLC
is for
earnings of 73 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for nVent
Electric
PLC is $61​, above​ its last closing price of $47.48. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.68        0.68       0.77      Beat    12.5
 Mar. 31 2023  0.67        0.67       0.67      Met     0
 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.        0.54        0.54       0.57      Beat    6.2
 30 2022                                                
 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. 30 2021  0.48        0.48       0.53      Beat    9.8
 This summary was machine generated October 25 at 13:26 GMT.  All
figures in US dollars  unless otherwise stated