Parker-Hannifin Corp expected to post earnings of $6.22 a share - Earnings Preview

Parker-Hannifin

06/08/2024 19:33

* Parker-Hannifin Corp  PH.N   PH  is expected to show a
fall in
quarterly revenue when it reports  results on August 8 for the
period ending June 30 2024
    * The Cleveland Ohio-based  company is expected to report a
0.3% decrease in revenue to $5.082 billion from $5.1 billion a
year ago, according to the mean estimate from 16 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Parker-Hannifin Corp is
for
earnings of $6.22 per share. The company's EPS guidance on May 2
2024, for the period ended June 30, was about USD6.13
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for
Parker-Hannifin
Corp is $613.00​, above​ its last closing price of $506.31. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  6.20        6.15       6.51      Beat    5.8
 Dec. 31 2024  5.27        5.26       6.15      Beat    16.8
 Sep. 30 2023  5.33        5.31       5.96      Beat    12.2​
 Jun. 30 2023  5.48        5.48       6.08      Beat    10.9
 ​​Mar.        5.06        5.01       5.93      Beat    18.3
 31 2023                                                
 Dec. 31 2022  4.45        4.46       4.76      Beat    6.7​
 Sep. 30 2022  4.18        4.17       4.74      Beat    13.8
 Jun. 30 2022  4.69        4.67       5.16      Beat    10.4
 This summary was machine generated August 6 at 18:32 GMT.  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)