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（NYSE：EMR）週三報告稱，其第三季度銷售額不及預期。
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.
該公司報告稱，第三財季FY24淨銷售額同比增長11%，至43.8億美元，超出預期的42.9億美元。基礎銷售同比增長3%，基礎訂單在季度內同比增長3%。調整後每股收益同比提高11%，至1.43美元，超出預期的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."
艾默生電氣總裁兼首席執行官拉爾·卡桑巴伊表示：「在建設性的資本支出週期引領的過程市場和混合市場需求持續符合預期。我們的運營槓桿表現表明了我們高度差異化技術和世界級艾默生管理系統的優勢，使我們有信心執行我們2024年的計劃。」
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FY24，艾默生電氣將其淨銷售額增長前景下調至約15%（之前爲15% - 16%），基礎銷售增長率上調至約6%（之前爲5.5% - 6.5%），調整後每股收益預計爲5.45美元至5.50美元（之前爲5.40美元至5.50美元），市場預期爲5.47美元。
Emerson Electric shares fell 7.7% to close at $99.54 on Wednesday.
週三，艾默生電氣股票下跌7.7%，收於99.54美元。
These analysts made changes to their price targets on Emerson Electric following earnings announcement.
這些分析師在業績發佈後對艾默生電氣的目標股價進行了調整。
Oppenheimer analyst Christopher Glynn maintained Emerson Electric with an Outperform and lowered the price target from $125 to $120.
Oppenheimer分析師Christopher Glynn將艾默生電氣評級保持爲「強於大盤」，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.
威爾斯·富高分析師Joseph O’Dea將艾默生電氣評級保持爲「增持」，將目標股價從137美元下調至128美元。
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