Eaton's Growth Is Reflected In Its High Valuation (Rating Downgrade) [Seeking Alpha]
Eaton Corporation, PLC Ordinary Shares (ETN)
Last eaton corporation, plc ordinary shares earnings: 4/30 06:30 am
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US:NYSE Investor Relations:
eaton.com/content/eaton/us/en-us/company/investor-relations.html/?
Company Research
Source: Seeking Alpha
The company reported solid Q4 earnings, beating expectations, with impressive margin performance and better-than-expected sales, margins, and cash flow. Eaton expects continued growth in 2024, with 11% EPS growth and 7.5% revenue growth, driven by mega projects and growth in data centers. While its growth trajectory is solid, at 28x earnings, strong growth is priced in and market-like returns are likely. Shares of Eaton Corp ( NYSE: ETN ) have been an extraordinary performer over the past year, rallying nearly 65%, as the industrial company benefits from its excellent positioning in US electrification and data centers. Since recommending shares in October as a buy, Eaton has returned about 40%, doubling the S&P 500's return. Frankly, at $291, shares have moved more dramatically and more quickly than I expected. Eaton is a well-run company that is well-positioned; however, with shares having rallied so much, valuation has become full. Shares rallied further after reporting sol
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News
- How to Boost Your Portfolio with Top Industrial Products Stocks Set to Beat Earnings [Yahoo! Finance]Yahoo! Finance
- Here's Why Eaton (ETN) is a Strong Growth Stock [Yahoo! Finance]Yahoo! Finance
- Eaton (ETN) to Report Q1 Earnings: What's in the Offing? [Yahoo! Finance]Yahoo! Finance
- Why Eaton (ETN) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
- Countdown to Eaton (ETN) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS [Yahoo! Finance]Yahoo! Finance
ETN
Earnings
- 2/1/24 - Beat
ETN
Sec Filings
- 4/26/24 - Form 8-K
- 4/22/24 - Form 8-K
- 4/2/24 - Form 3
- ETN's page on the SEC website