While reporting its financial results for the fourth quarter on Tuesday, power management company Eaton Corp plc (ETN) initiated adjusted earnings and organic revenue growth guidance for the full-year 2021. It also provided adjusted earnings outlook for the first quarter.
For the first quarter, the company expects adjusted earnings in a range of $1.17 to $1.27 per share. On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.05 per share for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2021, the company now projects adjusted earnings in a range of $5.40 to $5.80 per share on organic revenue growth of 4 to 6 percent. The Street is looking for earnings of $4.83 per share for the year.
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