Rockwell Automation Inc reports results for the quarter ended in September 30 - Earnings Summary

Rockwell Automation

07/11/2024 17:23

* Rockwell Automation Inc  ROK.N  reported quarterly
adjusted
earnings of $2.47​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of $3.64.  The mean expectation of twenty analysts
for the quarter was for earnings of $2.41 per share. Wall Street
expected results to range from $2.25  to $2.54 per share.
    * Revenue fell 20.6% to $2.04 billion from a year ago;
analysts
expected $2.07 billion. 
    * Rockwell Automation Inc's reported EPS for the quarter was
$2.09​.
    * The company reported quarterly net income of $239.1
million.
    * Rockwell Automation Inc shares had risen by 9.5% this
quarter and lost 5.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.4%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 15
"hold" and 4 "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "hold"

Wall Street's median 12-month price target for Rockwell
Automation Inc is 279.00 
This summary was machine generated from LSEG data November 7 at
05:22 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
 Sep. 30 2024      2.41           2.47           Beat
 Jun. 30 2024      2.08           2.71           Beat
 Mar. 31 2024      2.16           2.50           Beat
 Dec. 31 2023      2.64           2.04           Missed