Emerson Electric Company (NYSE:EMR) manufacturer of industrial equipments, is reporting third quarter earnings results on Tuesday 4th August 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.60 per share.
For the full year, analysts predict revenues of $ 16489.70 million, while looking forward to income of $ 3.03 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 3,794.00 million ~ $ 3,935.00 million
Full Year 2020 topline are forecasted in a range of$ 16,351.00 million ~ $ 16,719.00 million, where as bottomline are predicted in a range of $ 3.00 ~ $ 3.20 per share
Click Here For More Historical Outlooks Of Emerson Electric Company
Previous Quarter Performance
Emerson Electric Company announced income for the second quarter of $ 0.89 per share, from the revenue of $ 4,162.00 million. The quarterly earnings grew 5.95 percent while revenues shrunk 10.36 percent compared with the same quarter last year.
Wall street analysts are predicting, EMR to report 2Q20 income of $ 0.74 per share from revenue of $ 4310.86 million. The bottom line results beat street analysts by $ 0.15 or 20.27 percent, at the same time, top line results fell short of analysts by $ 148.86 million or 3.45 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of EMR was $ 62.77, representing a 66.28 % increase from the 52 week low of $ 37.75 and a 19.92 % decrease over the 52 week high of $ 78.38.
The company has a market capital of $ 37.50 billion and is part of the Industrials sector and Diversified Industrials industry.
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Recent Analyst recommendations
- On 14th July 2020, downgraded by Deutsche Bank to Hold from Buy rating, with $ 66.00 target price.
- On 30th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 59.00 target price.
Recent Stock Dividend Announcement
On May 5, 2020, the board of directors authorized quarterly dividend of $ 0.50 per share to holders of record as of the close of business on May 15, 2020, with payment date of June 10, 2020 and ex-dividend date on May 14, 2020.
Conference Call
Emerson Electric Company will be hosting a conference call at 2:00 PM eastern time on 4th August 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.emerson.com
Emerson Electric Co., a technology and engineering company, provides solutions to industrial, commercial, and consumer markets worldwide. The companys Automation Solutions segment offers measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions. It serves the oil and gas, refining, chemicals and power generation, pharmaceuticals, food and beverage, automotive, pulp and paper, metals and mining, and municipal water supplies markets.
