Zacks Research Has Bearish Estimate for Eaton Q1 Earnings

Eaton Corporation, PLC (NYSE:ETN) – Equities researchers at Zacks Research reduced their Q1 2026 earnings per share estimates for Eaton in a research note issued on Monday, February 16th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $2.83 per share for the quarter, down from their prior forecast of $3.08. The consensus estimate for Eaton’s current full-year earnings is $12.02 per share. Zacks Research also issued estimates for Eaton’s Q2 2026 earnings at $3.21 EPS, Q3 2026 earnings at $3.50 EPS, Q4 2026 earnings at $3.75 EPS, FY2026 earnings at $13.29 EPS, Q4 2027 earnings at $4.05 EPS and FY2028 earnings at $17.17 EPS.

Several other equities research analysts also recently commented on the stock. Wells Fargo & Company upped their price target on shares of Eaton from $340.00 to $370.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Barclays reduced their target price on Eaton from $362.00 to $350.00 and set an “equal weight” rating for the company in a report on Wednesday, January 7th. Royal Bank Of Canada reiterated an “outperform” rating and set a $407.00 price target on shares of Eaton in a report on Wednesday, February 4th. Sanford C. Bernstein reissued an “outperform” rating on shares of Eaton in a research note on Tuesday, January 27th. Finally, Wolfe Research upgraded Eaton from a “peer perform” rating to an “outperform” rating and set a $413.00 price objective for the company in a research report on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $389.89.

Eaton Stock Performance

Shares of ETN opened at $391.50 on Wednesday. The company has a 50-day moving average of $341.97 and a two-hundred day moving average of $354.24. The stock has a market cap of $152.06 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 2.68 and a beta of 1.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.32 and a quick ratio of 0.81. Eaton has a one year low of $231.85 and a one year high of $408.45.

Eaton (NYSE:ETN) last released its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $3.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.33. The business had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.15 billion. Eaton had a return on equity of 25.00% and a net margin of 14.89%.Eaton’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the company posted $2.83 EPS. Eaton has set its Q1 2026 guidance at 2.650-2.850 EPS and its FY 2026 guidance at 13.000-13.500 EPS.

Institutional Trading of Eaton

A number of institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its stake in Eaton by 9.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 45,998 shares of the industrial products company’s stock valued at $16,830,000 after buying an additional 4,156 shares during the last quarter. Mediolanum International Funds Ltd grew its position in shares of Eaton by 14.2% in the third quarter. Mediolanum International Funds Ltd now owns 121,162 shares of the industrial products company’s stock valued at $44,485,000 after purchasing an additional 15,048 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Eaton by 8.8% in the second quarter. Baird Financial Group Inc. now owns 370,531 shares of the industrial products company’s stock worth $132,276,000 after purchasing an additional 29,900 shares during the period. Bowen Hanes & Co. Inc. lifted its position in shares of Eaton by 1.7% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 197,775 shares of the industrial products company’s stock worth $70,604,000 after purchasing an additional 3,295 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in Eaton by 6.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 162,634 shares of the industrial products company’s stock valued at $60,866,000 after purchasing an additional 9,233 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Sternadt Paulo Ruiz sold 10,707 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $390.26, for a total value of $4,178,513.82. Following the completion of the sale, the insider owned 27,729 shares of the company’s stock, valued at approximately $10,821,519.54. The trade was a 27.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by insiders.

About Eaton

Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.