Unveiling Rockwell Automation (ROK) Q1 Outlook: Wall Street Estimates for Key Metrics

In its upcoming report, Rockwell Automation (ROK) is predicted by Wall Street analysts to post quarterly earnings of $1.61 per share, reflecting a decline of 21.1% compared to the same period last year. Revenues are forecasted to be $1.87 billion, representing a year-over-year decrease of 8.7%.The consensus EPS estimate for the quarter has undergone a downward revision of 0.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed 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 typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.In light of this perspective, let's dive into the average estimates of certain Rockwell Automation metrics that are commonly tracked and forecasted by Wall Street analysts.The combined assessment of analysts suggests that 'Sales- Intelligent Devices' will likely reach $814.05 million. The estimate points to a change of -12.2% from the year-ago quarter.Based on the collective assessment of analysts, 'Sales- Lifecycle Services' should arrive at $563.01 million. The estimate indicates a year-over-year change of +8%.Analysts predict that the 'Sales- Software & Control' will reach $496.02 million. The estimate indicates a change of -17.8% from the prior-year quarter.Analysts expect 'Operating earnings- Intelligent Devices' to come in at $109.64 million. The estimate is in contrast to the year-ago figure of $150.20 million.According to the collective judgment of analysts, 'Operating earnings- Lifecycle Services' should come in at $74.30 million. The estimate is in contrast to the year-ago figure of $54.30 million.The consensus estimate for 'Operating earnings- Software & Control' stands at $107.22 million. The estimate is in contrast to the year-ago figure of $151 million.View all Key Company Metrics for Rockwell Automation here>>>Over the past month, Rockwell Automation shares have recorded returns of -3.9% versus the Zacks S&P 500 composite's +1.7% change. Based on its Zacks Rank #3 (Hold), ROK 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 >>>>5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 Rockwell Automation, Inc. (ROK): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks