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Eaton (ETN)
NYSE:ETN
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.82Last Year’s EPS
$2.55Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -1.09%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Positive
Eaton delivered a strong quarter with record financial performance, driven by significant growth in the data center segment and robust backlog increases. Despite external challenges such as labor strikes and weather events, the company remains optimistic about its future growth prospects, supported by strategic partnerships and a positive outlook in residential markets.Company Guidance
During Eaton's Q3 2024 earnings call, the company reported impressive financial metrics and provided updated guidance for the year. They achieved an all-time record adjusted EPS of $2.84, marking a 15% increase from the previous year, and delivered record segment margins of 24.3%, up 70 basis points from last year. Eaton raised its 2024 guidance for both segment margins and adjusted EPS, expecting organic growth between 8% and 9%, although due to recent extraordinary events like the aerospace industry strike and Hurricane Helene, revenue growth is anticipated to be at the lower end of the range. Electrical Americas saw a 14% organic sales growth, contributing to a backlog increase of 26% year-over-year. Looking ahead to 2025, Eaton anticipates end market growth between 6% and 8%, with incremental margins projected at 30% to 35%. The company plans significant capital investments to expand capacity, aiming to sustain its strong momentum into 2025 and beyond.Record-Breaking Financial Performance
Eaton reported an all-time record adjusted EPS of $2.84, up 15% from the previous year. The company also achieved record segment margins of 24.3%, up 70 basis points year-over-year, and record sales of $6.3 billion, up 8% both in total and organically.
Strong Data Center Market Growth
The data center segment saw sales growth of 35% and orders up 55% on a rolling 12-month basis. Negotiations increased by 90%, indicating strong future momentum.
Increased Backlog and Orders
Eaton's electrical backlog increased by 25% year-over-year, reaching $11.8 billion. Aerospace backlog grew by 14% to $3.7 billion, with strong book-to-bill ratios across both segments.
Positive Residential Market Outlook
Residential markets, representing 6% of Eaton's total sales, are expected to grow at a 6% CAGR over the next four years, driven by energy transition and increased electrical content in homes.
Collaboration with Tesla
Eaton announced a partnership with Tesla to provide smart energy systems for residential homes, with new products expected to be available in early 2025.
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ETN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ETN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $341.85 | $330.65 | -3.28% |
| Aug 01, 2024 | $302.92 | $296.05 | -2.27% |
| Apr 30, 2024 | $323.53 | $315.36 | -2.53% |
| Feb 01, 2024 | $243.08 | $261.34 | +7.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Eaton (ETN) report earnings?
Eaton (ETN) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Eaton (ETN) earnings time?
Eaton (ETN) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ETN EPS forecast?
ETN EPS forecast for the fiscal quarter 2024 (Q4) is $2.82.
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