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What to Expect from Emerson Electric’s 1Q17 Earnings

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Part 2
What to Expect from Emerson Electric’s 1Q17 Earnings PART 2 OF 3

How Do Analysts Rate Emerson Electric Stock ahead of 1Q17 Results?

Analyst ratings

Of the 25 analysts covering Emerson Electric stock, three analysts gave the company a “buy” rating, 17 analysts gave it a “hold” recommendation, and five analysts recommended it as a “sell” as of February 2, 2017.

How Do Analysts Rate Emerson Electric Stock ahead of 1Q17 Results?

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Emerson Electric’s price target

Since the release of Emerson Electric’s (EMR) 4Q16 results, six out of 25 analysts covering EMR stock have revised up their price targets. In contrast, two analysts revised down their price targets. Emerson Electric’s consensus 12-month target price was $54.90 as of February 2, 2017. The company’s stock price closed at about $58.88 on February 2, 2017.

Among major banks (IYF), Deutsche Bank (DB) has a “hold” rating and a 12-month target of $59. Barclays (BCS) has an “equal weight” on the stock with a price target of $49. In contrast, HSBC (HSBC) has a “reduce” rating and a target price of $44.

Consensus estimates

Analysts expect Emerson Electric to report lower 1Q17 revenue figures both on a YoY (year-over-year) and a sequential basis.

For 1Q16, EMR’s adjusted EPS (earning per share) came in at $0.56. For 1Q17, analysts anticipate the company’s adjusted EPS to be around $0.42. However, it’s important to note that Emerson Electric divested its network power business and power generation, motors and drives businesses in 2H16. The two businesses together account for nearly 28% of the company’s total sales during fiscal 2016. Therefore, it’s important to compare the results of continuing operations on a YoY basis.

In the next few parts of this series, we’ll learn about EMR’s 1Q17 revenue, margin estimates, and discuss 2017 guidance.

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