Cleveland, Ohio-based Parker-Hannifin Corporation (PH) manufactures and sells motion and control technologies and systems. Valued at $111.1 billion by market cap, PH is a leading diversified industrial manufacturer that offers motion-control and fluid systems and industrial components, flight control, hydraulic, fluid conveyance, thermal management, pneumatic, and lubrication systems, and components for aerospace markets. The industrial giant is expected to announce its fiscal first-quarter earnings for 2027 before the market opens on Thursday, Nov. 5.
Ahead of the event, analysts expect Parker-Hannifin to report a profit of $8.23 per share on a diluted basis, up 14% from $7.22 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.
More Top Stocks Daily: Go behind Wall Street’s hottest headlines with Barchart’s Active Investor newsletter.
For the full year, analysts expect Parker-Hannifin to report EPS of $35.72, up 10.6% from $32.31 in fiscal 2026. Its EPS is expected to rise 11.9% year over year to $39.98 in fiscal 2028.
www.barchart.comPH stock has outperformed the S&P 500 Index’s ($SPX) 13.1% gains over the past 52 weeks, with shares up 14.9% during this period. Similarly, it outperformed the State Street Industrial Select Sector SPDR ETF’s (XLI) 6.4% gains over the same time frame.
www.barchart.comParker-Hannifin’s outperformance was driven by strong organic growth across aerospace, which posted its fourth straight year of double-digit gains, and broad industrial markets, infrastructure and HVAC demand. Record margins and backlog, plus nearly $15 billion in capital actions including Curtis Instruments and pending deals for Filtration Group and CIRCOR’s A&D business, support its shift to longer-cycle verticals now nearly 65% of sales, with management guiding to continued margin expansion and high-single-digit aerospace growth.
Analysts’ consensus opinion on PH stock is reasonably bullish, with a “Moderate Buy” rating overall. Out of 25 analysts covering the stock, 17 advise a “Strong Buy” rating, one suggests a “Moderate Buy,” and seven give a “Hold.” PH’s average analyst price target is $1,166.38, indicating a notable potential upside of 32.5% from the current levels.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
Why Adobe Stock Is the Best ‘Anti-AI’ Play This Earnings Season Option Volatility and Earnings Report For Oct 26 - 30 U.S. Stock Futures Gain as Oil Slides; Big Tech Earnings and Fed Meeting Awaited CRWV Stock Warning: Why Bernstein Says CoreWeave Shares Haven’t Bottomed Out Yet