nVent Electric PLC reports results for the quarter ended June 30 - Earnings Summary
nVent Electric PLC reports results for the quarter ended June 30 - Earnings Summary
nVent Electric PLC NVT.N reported quarterly adjusted earnings of $1.45 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 86 cents. The mean expectation of sixteen analysts for the quarter was for earnings of $1.16 per share. Wall Street expected results to range from $1.10 to $1.21 per share.
Revenue rose 52.8% to $1.47 billion from a year ago; analysts expected $1.26 billion.
nVent Electric PLC's reported EPS for the quarter was $1.32.
The company reported quarterly net income of $215.9 million.
nVent Electric PLC shares had fallen by 14.6% this quarter and gained 42.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 4.9% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 1 "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 $192.00, about 19.9% above its last closing price of $153.83
This summary was machine generated from LSEG data July 31 at 11:46 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 2026 | 1.16 | 1.45 | Beat |
Mar. 31 2026 | 0.94 | 1.09 | Beat |
Dec. 31 2025 | 0.90 | 0.90 | Met |
Sep. 30 2025 | 0.88 | 0.91 | Beat |