nVent Electric PLC expected to post earnings of 74 cents a share - Earnings Preview

nVent Electric

02/02/2024 14:51

* nVent Electric PLC  NVT.N   NVT  is expected to show a
rise in
quarterly revenue when it reports  results on February 6 for the
period ending December 31 2023
    * The London United Kingdom-based   company is expected to
report
a 16.9% increase in revenue to $866.904 million from $741.6
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on October
27 2023, for the period ended December 31, was for revenue
between $852.84 million and $867.67 million.
    * ​LSEG's mean analyst estimate for nVent Electric PLC is
for
earnings of 74 cents per share. The company's EPS guidance on
October 27 2023, for the period ended December 31, was between
$0.73 and $0.75 
    * 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for nVent
Electric
PLC is $65.00​, above​ its last closing price of $62.50. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.74        0.73       0.84      Beat    14.3
 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.        0.60        0.59       0.66      Beat    11.1
 30 2022                                                
 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
 This summary was machine generated February 2 at 14:51 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)