Emerson Electric (NYSE: EMR ) is expected to report Q3 earnings on Aug. 6. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Emerson Electric's revenues will wither -0.6% and EPS will wither -5.8%.
The average estimate for revenue is $6.44 billion. On the bottom line, the average EPS estimate is $0.98.
Last quarter, Emerson Electric reported revenue of $5.96 billion. GAAP reported sales were 0.7% higher than the prior-year quarter's $5.92 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
Last quarter, EPS came in at $0.77. GAAP EPS of $0.77 for Q2 were 4.1% higher than the prior-year quarter's $0.74 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the preceding quarter, gross margin was 39.8%, 30 basis points better than the prior-year quarter. Operating margin was 15.3%, 20 basis points better than the prior-year quarter. Net margin was 9.4%, 20 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $24.79 billion. The average EPS estimate is $3.49.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,373 members out of 1,400 rating the stock outperform, and 27 members rating it underperform. Among 372 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 367 give Emerson Electric a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Emerson Electric is hold, with an average price target of $61.35.
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