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

nVent Electric

01/05/2024 15:43

* nVent Electric PLC  NVT.N   NVT  is expected to show a
rise in
quarterly revenue when it reports  results on May 3 for the
period ending March 31 2024
    * The London United Kingdom-based   company is expected to
report
a 16.7% increase in revenue to $864.347 million from $740.6
million a year ago, according to the mean estimate from 10
analysts, based on LSEG data.The company's guidance on February
6 2024, for the period ended March 31, was for revenue between
$859.10 million and $873.91 million.
    * ​LSEG's mean analyst estimate for nVent Electric PLC is
for
earnings of 74 cents per share. The company's EPS guidance on
February 6 2024, for the period ended March 31, was between
$0.72 and $0.74 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "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 $84.00​, above​ its last closing price of $72.07. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.74        0.74       0.78      Beat    5.8
 Sep. 30 2023  0.74        0.73       0.84      Beat    14.3
 Jun. 30 2023  0.68        0.68       0.77      Beat    12.5​
 Jan. 1 0001   0.67        0.67       0.67      Met     0
 ​​Dec.        0.58        0.58       0.66      Beat    13.2
 31 2022                                                
 Jan. 1 0001   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
 This summary was machine generated May 1 at 14:43 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)