Parker-Hannifin Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended June 2024, Parker-Hannifin PH reported revenue of $5.19 billion, up 1.8% over the same period last year. EPS came in at $6.77, compared to $6.08 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $5.1 billion, representing a surprise of +1.76%. The company delivered an EPS surprise of +8.67%, with the consensus EPS estimate being $6.23.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Parker-Hannifin performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Net sales- Aerospace Systems

  : $1.53 billion compared to the $1.43 billion average estimate based on three analysts. The reported number represents a change of +19.2% year over year.

• Net sales- Diversified Industrial- International

  : $1.43 billion compared to the $1.44 billion average estimate based on three analysts. The reported number represents a change of -5.4% year over year.

• Net sales- Diversified Industrial- North America

  : $2.23 billion versus the three-analyst average estimate of $2.22 billion. The reported number represents a year-over-year change of -3.2%.

• Adjusted Segment operating income- Diversified Industrial- North America

  : $505.52 million versus the three-analyst average estimate of $525.43 million.

• Adjusted Segment operating income- Aerospace Systems

  : $332.04 million versus the three-analyst average estimate of $380.37 million.

• Adjusted Segment operating income- Diversified Industrial- International

  : $311.56 million versus $336.90 million estimated by three analysts on average.

Shares of Parker-Hannifin have returned -2% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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