What to Expect from Parker Hannifin's Earnings

Parker Hannifin (NYSE:PH) is set to give its latest quarterly earnings report on Thursday, 2024-10-31. Here's what investors need to know before the announcement.

Analysts estimate that Parker Hannifin will report an earnings per share (EPS) of $6.14.

Parker Hannifin bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.55, which was followed by a 0.3% increase in the share price the next day.

Here's a look at Parker Hannifin's past performance and the resulting price change:

Quarter

Q4 2024

Q3 2024

Q2 2024

Q1 2024

EPS Estimate

6.22

6.12

5.26

5.31

EPS Actual

6.77

6.51

6.15

5.96

Price Change %

0.0%

1.0%

2.0%

-1.0%

Analysts' Perspectives on Parker Hannifin

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Parker Hannifin.

The consensus rating for Parker Hannifin is Outperform, derived from 13 analyst ratings. An average one-year price target of $674.62 implies a potential 7.92% upside.

Understanding Analyst Ratings Among Peers

The analysis below examines the analyst ratings and average 1-year price targets of Illinois Tool Works, Ingersoll Rand and Xylem, three significant industry players, ...