Parker-Hannifin Corporation PH is slated to release first-quarter fiscal 2027 (ended September 2026) results on Nov. 5, before market open.
The Zacks Consensus Estimate for revenues is pegged at $5.82 billion, indicating an increase of 14.5% from the prior-year quarter’s number. The consensus mark for earnings is pinned at $8.23 per share, which has inched up 0.2% in the past 60 days. The figure indicates an increase of 14% from the year-ago quarter’s figure.
The company has a stellar earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 7.8%.
Let’s see how things have shaped up for Parker-Hannifin this earnings season.
Factors Likely to Have Shaped PH’s Quarterly Performance
Strong momentum in the commercial market across both OEM and aftermarket channels is expected to have driven the Aerospace Systems segment’s performance. Strength in its defense OEM market, owing to solid U.S. and international defense spending volumes, is likely to have been beneficial. The Zacks Consensus Estimate for the segment’s quarterly revenues is pegged at $1.81 billion, indicating 10.2% growth from the year-ago number.
Healthy demand from customers across the aerospace and defense, in-plant and industrial equipment, and off-highway markets is likely to have driven the Diversified Industrial segment’s North America business. Strength within the electronics, semiconductor and in-plant and industrial equipment markets in the Asia Pacific region is likely to augment the results of the International business.
The company’s acquisition of Filtration Group enhanced its industrial filtration business and expanded its presence in life sciences, in-plant and industrial and HVAC/R markets. The acquisition is likely to have contributed to the segment’s quarterly revenues. However, softness in transportation and agriculture markets is expected to have played spoiler.
The consensus estimate for the Diversified Industrial North America segment’s revenues is pinned at $2.34 billion. The consensus mark for the Diversified Industrial International segment’s revenues is pegged at $1.60 billion, indicating a 14.5% rise year over year.
It’s worth noting that Parker-Hannifin has been incurring high costs and operating expenses over time, which are likely to have weighed on its performance. Its recent acquisition, integration expenses and lingering supply-chain issues are likely to impact its results in the to-be-reported quarter.
Parker-Hannifin Corporation Price and EPS Surprise
Parker-Hannifin Corporation price-eps-surprise | Parker-Hannifin Corporation Quote
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Parker-Hannifin this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as elaborated below.
Earnings ESP: PH has an Earnings ESP of -0.75%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: Parker-Hannifin presently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are some companies which, according to our model, have the right combination of elements to beat on earnings in this reporting cycle.
Emerson Electric Co. EMR has an Earnings ESP of +0.40% and a Zacks Rank of 2 at present. The company is scheduled to release fourth-quarter fiscal 2026 results on Nov. 4.
Emerson’s earnings beat the Zacks Consensus Estimate twice and matched on the other two occasions of the preceding four quarters, the average surprise being 1.3%.
Trimble TRMB has an Earnings ESP of +1.16% and a Zacks Rank of 3 at present. The company is scheduled to release third-quarter 2026 earnings on Nov. 4, before market open.
The company’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 8.4%.
CNH Industrial CNH has an Earnings ESP of +50.00% and a Zacks Rank of 3 at present. The company is scheduled to release third-quarter 2026 earnings on Nov. 9, before market open.
CNH Industrial’s earnings surpassed the Zacks Consensus Estimate twice in the trailing four quarters while matching and missing in the other two, with the average surprise being 13.1%.
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Parker-Hannifin Corporation (PH): Free Stock Analysis Report
Emerson Electric Co. (EMR): Free Stock Analysis Report
Trimble Inc. (TRMB): Free Stock Analysis Report
CNH Industrial N.V. (CNH): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).