Insights Into Parker-Hannifin (PH) Q4: Wall Street Projections for Key Metrics

Wall Street analysts forecast that Parker-Hannifin (PH) will report quarterly earnings of $7.08 per share in its upcoming release, pointing to a year-over-year increase of 4.6%. It is anticipated that revenues will amount to $5.1 billion, exhibiting a decrease of 1.6% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.Bearing this in mind, let's now explore the average estimates of specific Parker-Hannifin metrics that are commonly monitored and projected by Wall Street analysts.Based on the collective assessment of analysts, 'Net sales- Aerospace Systems' should arrive at $1.64 billion. The estimate points to a change of +7.1% from the year-ago quarter.The average prediction of analysts places 'Net sales- Diversified Industrial- International' at $1.41 billion. The estimate suggests a change of -1.6% year over year.Analysts forecast 'Net sales- Diversified Industrial- North America' to reach $2.05 billion. The estimate suggests a change of -8% year over year.The consensus estimate for 'Aerospace Systems - Change in Percentage - As Reported' stands at 7.4%. Compared to the current estimate, the company reported 19.2% in the same quarter of the previous year.Analysts' assessment points toward 'Net sales - Total Parker - Organic impact - YoY change' reaching 0.5%. The estimate compares to the year-ago value of 3.0%.Analysts predict that the 'Net sales - Aerospace Systems - Organic impact - YoY change' will reach 7.5%. The estimate is in contrast to the year-ago figure of 19.1%.The consensus among analysts is that 'Adjusted Segment operating income- Diversified Industrial- North America' will reach $522.57 million. The estimate compares to the year-ago value of $505.52 million.The combined assessment of analysts suggests that 'Adjusted Segment operating income- Aerospace Systems' will likely reach $465.59 million. Compared to the present estimate, the company reported $332.04 million in the same quarter last year.It is projected by analysts that the 'Adjusted Segment operating income- Diversified Industrial- International' will reach $347.26 million. The estimate is in contrast to the year-ago figure of $311.56 million. View all Key Company Metrics for Parker-Hannifin here>>> Over the past month, Parker-Hannifin shares have recorded returns of -1% versus the Zacks S&P 500 composite's +0.6% change. Based on its Zacks Rank #3 (Hold), PH will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Parker-Hannifin Corporation (PH): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks