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.
艾默生電氣公司（紐約證券交易所代碼：EMR）週三公佈了其第三季度的銷售慘淡。
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.
該公司報告稱，24財年第三季度淨銷售額同比增長11％，達到43.8億美元，超過了市場預期的42.9億美元。本季度基礎銷售額同比增長3％，基礎訂單同比增長3％。調整後的每股收益同比增長11％，至1.43美元，超過了市場普遍的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."
艾默生總裁兼首席執行官拉爾·卡爾桑巴伊表示：「在建設性的資本支出週期的帶動下，加工和混合市場的需求繼續達到預期。我們的運營槓桿率表現表明了我們高度差異化的技術和世界一流的艾默生管理系統的好處，使我們有信心執行2024年計劃。」
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.
對於24財年，艾默生電氣將其淨銷售增長前景上調至約15％（此前：15％至16％），基礎銷售增長約6％（從之前的5.5％-6.5％），調整後的每股收益從5.45美元至5.50美元（從5.40美元至5.50美元），而市場普遍預期爲5.47美元。
Emerson Electric shares fell 7.7% to close at $99.54 on Wednesday.
艾默生電氣股價週三下跌7.7％，收於99.54美元。
These analysts made changes to their price targets on Emerson Electric following earnings announcement.
業績公佈後，這些分析師更改了艾默生電氣的目標股價。
Oppenheimer analyst Christopher Glynn maintained Emerson Electric with an Outperform and lowered the price target from $125 to $120.
奧本海默分析師克里斯托弗·格林維持艾默生電氣的跑贏大盤，並將目標股價從125美元下調至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.
富國銀行分析師約瑟夫·奧迪亞維持艾默生電氣的增持評級，同時將目標股價從137美元下調至128美元。
- US Stocks Decline As SMCI's Margin Miss Brings Nvidia And Other AI Stocks Under Pressure: Investor Sentiment Remains In 'Extreme Fear' Zone
- 由於SMCI的利潤率下降給Nvidia和其他AI股票帶來壓力，美國股市下跌：投資者情緒仍處於 「極度恐懼」 區域