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

nVent Electric

06/08/2024 14:51

* nVent Electric PLC  NVT.N  reported quarterly adjusted
earnings
of 82 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 77 cents.  The mean expectation of eleven analysts for the
quarter was for earnings of 83 cents per share. Wall Street
expected results to range from 82 cents to 83 cents per share.
    * Revenue rose 9.6% to $880.30 million from a year ago;
analysts
expected $892.58 million. 
    * nVent Electric PLC's reported EPS for the quarter was 66
cents​.
    * The company reported quarterly net income of $111 million.
    * nVent Electric PLC shares had fallen by 18.3% this
quarter and
gained 5.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
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 9 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for nVent Electric
PLC is $88.00 
This summary was machine generated from LSEG data August 6 at
01:51 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
 Jun. 30 2024      0.83           0.82           Missed
 Mar. 31 2024      0.74           0.77           Beat
 Dec. 31 2023      0.74           0.78           Beat
 Sep. 30 2023      0.73           0.84           Beat