Analysts Optimistic on Emerson Electric Stock Before Earnings

Can Emerson Electric maintain its positive earnings streak?

Apr 15, 2021 at 11:56 AM
facebook X logo linkedin

Emerson Electric Co. (NYSE:EMR) is an American multinational technology and engineering company. The corporation manufactures products and provides engineering services and solutions for customers in the industrial, commercial, and consumer markets. Emerson Electric has approximately 83,500 employees and 200 manufacturing locations worldwide. This morning, EMR was last seen down 0.2% at $91.39

EMR has increased about 92% year-over-year and nearly doubled after bottoming at a multi-year low of $46.34. Shares of Emerson Electric stock have also increased 16% year-to-date. EMR is currently down just 2% from its record high of $93.38. Additionally, Emerson Electric has forward dividend of $2.02, which equates to a dividend yield of 2.21%.

Emerson Electric is scheduled to release its quarterly earnings before the open on Wednesday, May 5. Over the past year, EMR has outperformed analyst expectations on all four of its most recent earnings reports. For the first quarter of 2020, Emerson Electric beat analyst estimates by a margin of $0.15 and reported an earnings per share (EPS) of $0.89. For the second quarter of 2020, Emerson Electric dropped its EPS down to $0.80 but still beat expectations by a margin of $0.20. For the following quarter, EMR posted an increase in earnings, rising to $1.10 per share and beating estimates by a margin of $0.16. For the fourth quarter of 2020, Emerson Electric reported an EPS of $0.83 and beat expectations by a margin of $0.15.

Emerson Electric was able to maintain solid sales and net profits, making a quick recovery still a strong possibility for them. The company has already shown significant signs of growth in its most recent quarters. The key for Emerson Electric will be maintaining positive earnings performance, making the earnings report on Monday important for Emerson Electric stock’s short-term movement. Overall, EMR should be a steady grower in the long-term, from a fundamental perspective.

It should also be noted, however, that EMR trades at a relatively high price-earnings ratio of 26.40, so some short-term weakness could be a great buying opportunity for potential investors.

Regardless, analysts have been extremely optimistic on the equity. Heading into today, nine of the 14 in coverage sport a "strong buy" recommendation, with the remaining five posting a "hold."



Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI