logo
  

Eaton Guides Q1, FY22 Adj. EPS In Line With Estimates - Quick Facts

While reporting its financial results for the fourth quarter on Thursday, power management company Eaton Corp plc (ETN) provided adjusted earnings outlook for the first quarter and for the full-year 2022, in line with analysts' estimates.

For the first quarter, the company expects adjusted earnings in a range of $1.55 and $1.65 per share on organic growth of 7 to 9 percent. On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.63 per share for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2022, the company now projects adjusted earnings in a range $7.30 and $7.70 per share on organic growth of 7 to 9 percent. The Street is looking for earnings of $7.42 per share for the year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Deutsche Post DHL Group were gaining around 6 percent in the morning trading in Germany after the package delivery and logistic major reported Friday higher profit and revenues in its second quarter with strong demand. Going ahead, the company confirmed its 2022 EBIT guidance of 8.0 billion euros, plus or minus 5 percent, even in consideration of a possible global economic downturn. Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday net income for the first quarter halved from last year, hurt by a 1 decline in revenues and a decrease in the market prices of its equity investments in publicly-traded companies. Shares of Deutsche Lufthansa AG were gaining around 6 percent in the morning trading after the German flag carrier reported Thursday a profit in its second quarter, compared to last year's loss, benefited by surge in demand. The company also specified its outlook for the year, and now expects adjusted EBIT to be above 500 million euros for the full year of 2022, in line with current market.
RELATED NEWS
Follow RTT