nVent Electric PLC reports results for the quarter ended March 31 - Earnings Summary

nVent Electric

02/05/2025 14:31

nVent Electric PLC NVT.N reported quarterly adjusted earnings of 67 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 77 cents.  The mean expectation of ten analysts for the quarter was for earnings of 67 cents per share. Wall Street expected results to range from 65 cents to 68 cents per share.

Revenue fell 7.5% to $809.30 million from a year ago; analysts expected $791.24 million.

nVent Electric PLC's reported EPS for the quarter was $2.16​.

The company reported quarterly net income of $360.7 million.

nVent Electric PLC shares had risen by 7.6% this quarter and lost 17.3% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 3.3% 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 13 "strong buy" or "buy," no "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 $69.00

This summary was machine generated from LSEG data May 2 at 01:31 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
Mar. 31 2025
0.67
0.67
Met
Dec. 31 2024
0.59
0.59
Met
Sep. 30 2024
0.77
0.63
Missed
Jun. 30 2024
0.83
0.82
Missed