Cleveland-based Parker-Hannifin Corporation is set to announce its fiscal second-quarter earnings for 2026, a leading diversified industrial manufacturer valued at $110.9 billion. Analysts expect a profit of $7.11 per share, an 8.9% increase from the year-ago quarter, with full-year EPS projected to rise 11.2% to $30.39.

PH stock has surged 38% over the past year, outperforming the S&P 500 and Industrial Select Sector SPDR Fund. Factors contributing to its success include strong organic growth in aerospace and defense, positive performance in North America industrial operations, and successful integration of Curtis Instruments.

After reporting Q1 results, PH shares rose by 7.8% with an adjusted EPS of $7.22 surpassing Wall Street expectations. The company’s revenue of $5.1 billion also exceeded forecasts. Full-year adjusted EPS is expected to fall between $29.60 to $30.40, reflecting positive outlook and growth potential.

With a consensus “Strong Buy” rating from analysts, Parker-Hannifin Corporation’s stock is highly favored. Out of 23 analysts, 16 recommend a “Strong Buy,” one suggests a “Moderate Buy,” and six advise a “Hold.” The average analyst price target of $940.95 indicates a potential 7.1% upside from current levels.

Read more at Yahoo Finance: What to Expect From Parker-Hannifin’s Q2 2026 Earnings Report