Eaton is expected to report strong Q4 earnings, with analysts predicting significant profit growth.

From Nasdaq: 2025-01-15 12:44:42

Eaton Corporation plc, a global power management company, is set to announce its fiscal fourth-quarter earnings for 2024 on Feb. 6. Analysts predict a profit of $2.82 per share, up 10.6% from the year-ago quarter. For the full year, EPS is expected to rise to $10.79, an 18.3% increase from fiscal 2023.

ETN stock has outperformed the S&P 500 and Industrial Select Sector SPDR Fund, with shares up 40.5% over the past 52 weeks. Eaton’s success is attributed to its alignment with global megatrends, strategic acquisitions, and partnerships, including with Tesla Inc. On Oct. 31, ETN shares closed down more than 3% after Q3 results fell slightly short of expectations.

Analysts hold a moderately bullish consensus on ETN stock, with a “Moderate Buy” rating. Out of 20 analysts, 12 advise a “Strong Buy,” two suggest a “Moderate Buy,” and six give a “Hold.” The average analyst price target is $382.95, indicating a potential upside of 12.6% from current levels.



Read more at Nasdaq: What to Expect From Eaton’s Next Quarterly Earnings Report