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

nVent Electric

06/02/2024 14:32

* nVent Electric PLC  NVT.N  reported quarterly adjusted
earnings
of 78 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 66 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 74 cents per share. Wall
Street expected results to range from 65 cents to 76 cents per
share.
    * Revenue rose 16.1% to $861.20 million from a year ago;
analysts
expected $866.90 million. 
    * nVent Electric PLC's reported EPS for the quarter was
$1.51​.
    * The company reported quarterly net income of $254.9
million.
    * nVent Electric PLC shares had risen by 6.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for nVent
Electric
PLC is $65.00 

This summary was machine generated from LSEG data February 6 at
02:32 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.74           0.78           Beat
 Sep. 30 2023      0.73           0.84           Beat
 Jun. 30 2023      0.68           0.77           Beat
 Mar. 31 2023      0.67           0.67           Met