nVent Electric PLC expected to post earnings of 83 cents a share - Earnings Preview

nVent Electric

02/08/2024 15:26

* nVent Electric PLC  NVT.N   NVT  is expected to show a
rise in
quarterly revenue when it reports  results on August 6 for the
period ending June 30 2024
    * The London United Kingdom-based   company is expected to
report
a 11.2% increase in revenue to $892.583 million from $803
million a year ago, according to the mean estimate from 11
analysts, based on LSEG data.The company's guidance on May 3
2024, for the period ended June 30, was for revenue between
$883.30 million and $899.36 million.
    * ​LSEG's mean analyst estimate for nVent Electric PLC is
for
earnings of 83 cents per share. The company's EPS guidance on
May 3 2024, for the period ended June 30, was between $0.81 and
$0.83 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"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 $88.00​, above​ its last closing price of $69.44. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024              0.74       0.77      Beat    4.6
  2024                     0.74       0.78      Beat    
 Jan. 1 0001   0.74        0.73       0.84      Beat    14.3​
 Jan. 1 0001   0.68        0.68       0.77      Beat    
 ​​Jan.        0.67                   0.67              0
 1 0001                                                 
 Dec. 31 2022  0.58                   0.66              13.2​
 Sep. 30 2022  0.54        0.59       0.66      Beat    11.1
 Jan. 1 0001   0.54        0.54       0.57      Beat    6.2
 This summary was machine generated August 2 at 14:26 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)