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

nVent Electric

29/04/2022 13:36

* nVent Electric PLC  NVT.N  reported quarterly adjusted
earnings
of 50 cents​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for earnings of
44 cents per share.
    * Revenue rose 26.6% to $694.70 million from a year ago; 
analysts
expected $625.66 million. 
    * nVent Electric PLC's reported EPS for the quarter was 40
cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.9%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * nVent Electric PLC shares had fallen by 0.9% this
quarter and
lost 9.3% so far this year.
    * The company reported quarterly net income of $67.8
million.
    * Wall Street's median 12-month price target for nVent
Electric
PLC is $42.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated April 29 at 12:36 p.m.  ​All
figures in US dollars unless otherwise stated