Eaton Shares Jump 1.76% to $353.87 Despite 6.97% Monthly Slide
Eaton closed at $353.87, up 1.76%, outperforming the S&P 500’s 0.83% gain, though shares are down 6.97% over the past month versus a 6.24% sector decline. Analysts forecast Q1 EPS of $2.77 (+1.84% y/y) on $7.07B revenue (+10.91%); stock trades at forward P/E 26.04 versus 24.88 industry average.
1. Eaton Stock Performance
Eaton closed the latest session at $353.87, up 1.76% from the prior day. The gain outpaced the S&P 500’s 0.83%, the Dow’s 0.5% rise and the Nasdaq’s 1.38% advance, yet Eaton shares have fallen 6.97% over the past month against a 6.24% drop in the Industrial Products sector and a 2.65% S&P 500 decline.
2. Earnings Projections
For the upcoming quarter, analysts expect EPS of $2.77, a 1.84% increase year-over-year, on revenue of $7.07 billion, up 10.91% from the prior year. Full-year consensus forecasts call for EPS of $13.36 (+10.69% y/y) and revenue of $30.16 billion (+9.9%).
3. Analyst Metrics and Valuation
Eaton holds a Zacks Rank #3 (Hold) with its forward P/E at 26.04, above the 24.88 industry average. The stock’s PEG ratio stands at 2.39 versus a 1.87 industry norm, and the Manufacturing-Electronics industry ranks 82nd out of 250+ industries (top 34%).