Parker-Hannifin Corp reports results for the quarter ended in June - Earnings Summary

Parker-Hannifin

08/08/2024 15:21

* Parker-Hannifin Corp  PH.N  reported quarterly adjusted
earnings
of $6.77​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of
$6.08.  The mean expectation of eighteen analysts for the
quarter was for earnings of $6.22 per share. Wall Street
expected results to range from $6.12  to $6.37 per share.
    * Revenue rose 1.8% to $5.19 billion from a year ago;
analysts
expected $5.08 billion. 
    * Parker-Hannifin Corp's reported EPS for the quarter was
$6.01​.
    * The company reported quarterly net income of $784.96
million.
    * Parker-Hannifin Corp shares had risen by 1.3% this
quarter and
gained 11.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
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," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Parker-Hannifin
Corp is $613.00 
This summary was machine generated from LSEG data August 8 at
02:21 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      6.22           6.77           Beat
 Mar. 31 2024      6.15           6.51           Beat
 Dec. 31 2023      5.26           6.15           Beat
 Sep. 30 2023      5.31           5.96           Beat