Stock Analysis
Parker-Hannifin (NYSE:PH) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$5.07b (flat on 3Q 2023).
- Net income: US$726.6m (up 23% from 3Q 2023).
- Profit margin: 14% (up from 12% in 3Q 2023).
- EPS: US$5.65 (up from US$4.61 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Parker-Hannifin EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10.0%.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are down 3.4% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Parker-Hannifin you should be aware of.
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Find out whether Parker-Hannifin is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:PH
Parker-Hannifin
Manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide.
Outstanding track record average dividend payer.