These Analysts Lower Their Forecasts On Emerson Electric After Weak Sales
These Analysts Lower Their Forecasts On Emerson Electric After Weak Sales
Emerson Electric Co (NYSE:EMR) reported downbeat sales for its third quarter on Wednesday.
艾默生电气公司（NYSE：EMR）周三报告称，其第三季度销售额不及预期。
The company reported third-quarter FY24 net sales growth of 11% Y/Y to $4.38 billion, beating the consensus of $4.29 billion. Underlying sales were up 3% Y/Y, and underlying orders increased by 3% Y/Y in the quarter. Adjusted EPS improved 11% Y/Y to $1.43, beating the consensus of $1.42.
该公司报告称，第三财季FY24净销售额同比增长11%，至43.8亿美元，超出预期的42.9亿美元。基础销售同比增长3%，基础订单在季度内同比增长3%。调整后每股收益同比提高11%，至1.43美元，超出预期的1.42美元。
Emerson President and Chief Executive Officer Lal Karsanbhai said, "Demand in process and hybrid markets, led by a constructive capex cycle, continues to meet expectations. Our operating leverage performance demonstrates the benefits of our highly differentiated technology and world-class Emerson Management System, giving us the confidence to execute on our plan for 2024."
艾默生电气总裁兼首席执行官拉尔·卡桑巴伊表示：“在建设性的资本支出周期引领的过程市场和混合市场需求持续符合预期。我们的运营杠杆表现表明了我们高度差异化技术和世界级艾默生管理系统的优势，使我们有信心执行我们2024年的计划。”
For FY24, Emerson Electric revised its net sales growth outlook to ~15% (prior: 15% – 16%), with underlying sales growth to ~6% (from 5.5%-6.5% earlier) and adjusted EPS to $5.45-$5.50 (from $5.40-$5.50) vs. consensus $5.47.
对于FY24，艾默生电气将其净销售额增长前景下调至约15%（之前为15% - 16%），基础销售增长率上调至约6%（之前为5.5% - 6.5%），调整后每股收益预计为5.45美元至5.50美元（之前为5.40美元至5.50美元），市场预期为5.47美元。
Emerson Electric shares fell 7.7% to close at $99.54 on Wednesday.
周三，艾默生电气股票下跌7.7%，收于99.54美元。
These analysts made changes to their price targets on Emerson Electric following earnings announcement.
这些分析师在财报发布后对艾默生电气的目标股价进行了调整。
Oppenheimer analyst Christopher Glynn maintained Emerson Electric with an Outperform and lowered the price target from $125 to $120.
Oppenheimer分析师Christopher Glynn将艾默生电气评级保持为“强于大盘”，将目标股价从125美元下调至120美元。
Wells Fargo analyst Joseph O'Dea maintained Emerson Electric with an Overweight rating, while cutting the price target from $137 to $128.
威尔斯·富高分析师Joseph O’Dea将艾默生电气评级保持为“增持”，将目标股价从137美元下调至128美元。
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