Parker-Hannifin Corp reports results for the quarter ended in September 30 - Earnings Summary

Parker-Hannifin

01/11/2024 03:41

* Parker-Hannifin Corp  PH.N  reported quarterly adjusted
earnings
of $6.20​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $5.96.  The mean expectation of seventeen analysts for the
quarter was for earnings of $6.14 per share. Wall Street
expected results to range from $6.04  to $6.27 per share.
    * Revenue rose 1.2% to $4.90 billion from a year ago;
analysts
expected $4.90 billion. 
    * Parker-Hannifin Corp's reported EPS for the quarter was
$5.34​.
    * The company reported quarterly net income of $698.42
million.
    * Parker-Hannifin Corp shares had fallen by 1.2% this
quarter and
gained 35.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 18 "strong buy" or "buy," 4
"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 710.00 
This summary was machine generated from LSEG data November 1 at
03:40 a.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
 Sep. 30 2024      6.14           6.20           Beat
 Jun. 30 2024      6.22           6.77           Beat
 Mar. 31 2024      6.15           6.51           Beat
 Dec. 31 2023      5.26           6.15           Beat