ETN - Eaton Q3 2021 Earnings Preview
Eaton (NYSE:ETN) is scheduled to announce Q3 earnings results on Tuesday, November 2nd, before market open. The consensus EPS Estimate is $1.73 (+46.6% Y/Y) and the consensus Revenue Estimate is $5.01B (+10.6% Y/Y). Over the last 2 years, ETN has beaten EPS estimates 88% of the time and has beaten revenue estimates 63% of the time. Over the last 3 months, EPS estimates have seen 14 upward revisions and 1 downward. Revenue estimates have seen 10 upward revisions and 1 downward. The company's stock rose +4.04% on Aug. 3, the day it reported its Q2 results. Eaton beat on-GAAP EPS and revenue estimates, and also raised FY21 guidance. In October, the company declared $0.76 dividend. Eaton's peer ABB (NYSE:ABB) already reported Q3 results. ABB beat GAAP EPS estimates but missed out on revenue expectations. ABB also cut its FY revenue guidance.
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Eaton Q3 2021 Earnings Preview