Eaton Corporation (NYSE:ETN) announced its quarterly results for the first three months in 2012 today before the market opened. The company showed an earnings per share of $0.91 on revenue of $4.0 billion in the period ending March 31st. The power management company has had an intriguing 2012 so far, making one acquisition and restructuring some of its Indian business while looking like a great stock for bear investors. The company recently had to revise upwards its own projections for the quarter just gone as its numbers were far below investors estimates.
The company’s original forecast for Q1 had been for EPS of between 80 and 90 cents per share. Analysts polled before the announcement reached a consensus forecast of about 90 cents per share today though it was around 98 cents at the start of the quarter. Analysts forecast the power company’s revenues to be $4.01 billion for the period.
In the same time last year Eaton managed to pull in $3.8 billion in revenue and turned that into 84 cents per share earnings. In the fourth quarter of 2011 the company underperformed in the eyes of analysts taking in 3% less revenue tan had been expected and earning just over 2% less than analyst consensus had figured. The company continues to do well in year on year metrics and if it can keep up the growth it will be a real boon tot he company’s price. The less than expected Q4 2011 performance was dampened by the year on year figures for the quarter.
The company will expect its core businesses to continue to grow as the economy rebounds. Particular hope will be put in the upgrade of systems in power plants and the automotive sector as firms switch to less expensive and more environmentally friendly energy sources. Eaton is regularly cited as a company dedicated to the cause of environmental stewardship and was recently put at number 17 in Corporate Responsibility magazine’s top 100 companies.
Eaton Corporation is a power management company involved in projects all over the world in many distinct sectors. The firm builds systems for electrical supply and control, hydraulic and pneumatic systems, and fuel for the aerospace sector among many other things. It is also involved in the manufacture of components for vehicles, particularly for commercial and military use. Eaton’s stock has fallen in the last three months to a close of 47.44 last Friday. The company’s twelve month high occurred at 55.76 around this time last year. The company’s solid base and its position in emerging markets have it looking like a top performer in the future with many expecting it to rise to new heights this year.