nVent Electric PLC reports results for the quarter ended in December - Earnings Summary

nVent Electric

07/02/2023 14:31

* nVent Electric PLC  NVT.N  reported quarterly adjusted
earnings
of 66 cents​​ per share for the quarter ended in December. The
mean expectation of seven analysts for the quarter was
for earnings of 58 cents per share.
    * Revenue rose 10.9% to $741.60 million from a year ago;
analysts
expected $710.84 million. 
    * nVent Electric PLC's reported EPS for the quarter was 94
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * nVent Electric PLC shares had risen by 5.1% this quarter.
    * The company reported quarterly net income of $158.7
million.
    * Wall Street's median 12-month price target for nVent
Electric
PLC is $43.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
7 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.58           0.66           Beat
 Sep. 30 2022      0.59           0.66           Beat
 Jun. 30 2022      0.54           0.57           Beat
 Mar. 31 2022      0.44           0.50           Beat