Following the Projections for Eaton Corporation, PLC (NYSE:ETN)

Sell-side analysts are projecting that Eaton Corporation, PLC (NYSE:ETN) will report a current quarter EPS of 1.43 when the company issues their next quarterly report. This is the consensus number according to data provided by Zacks Research. This estimate is using projections given by 9 sell-side analysts. Last quarter, the company posted a quarterly EPS of 1.43. How the estimated EPS differs from the actual earnings number is what investors will be paying particularly close attention to. Analysts covering the stock are typically very busy during earnings season. Before the release, they might be reviewing and updating estimates. After the earnings release, they will closely review the reported data and update accordingly. Sifting through the numbers after the report may allow investors to add another piece of data to the investing equation.

As we move into the second half of the year, investors may be wondering what’s in store for stocks. During the summer months, markets are typically a bit more subdued. Investors might be looking to get positioned for whatever is coming. Many feel that the bull market may be losing steam, while others believe that there is plenty of room for the market to cruise higher. Market conditions can change quickly, and being prepared for the worst may help ease the burden if the tide turns unexpectedly.

Taking a look at some target price information, we note that shares of Eaton Corporation, PLC (NYSE:ETN) presently have an average target price of $88.27. This is the consensus target price using estimates offered by analysts polled by Zacks Research. Sell-side analysts can calculate price target projections using various methods. Many investors will track stock target prices, especially when analysts make changes to the target. A thorough research report will generally give detailed reasoning for a certain target projection. Some investors may watch sell-side targets very closely and use the data to help with their own stock research.

Let’s shift the focus and look at some historical stock price action on shares of Eaton Corporation, PLC (NYSE:ETN). After a recent market scan, we have seen that the stock has been trading near the $75.28 level. Investors may also be tracking the current stock price in relation to its 52-week high and low. The 52-week high is currently sitting at $88.5, and the 52-week low is $70.35. When the stock starts moving towards the 52-week high or 52-week low, investors may pay added attention to see if there will be a breakthrough that level. Over the last 12 weeks, the stock has moved -6.06%. Since the beginning of the calendar year, we can see that shares have changed -4.72%. Over the past 4 weeks, shares have moved -11.36%. Over the previous 5 sessions, the stock has moved 7.01%.

Sell-side Street analysts often offer stock ratings for companies that they cover. Based on analysts polled by Zacks Research, the present average broker rating on shares of Eaton Corporation, PLC (NYSE:ETN) is presently 1.93. This average rating includes analysts who have given Sell, Buy and Hold ratings on the equity. This rating uses a numerical recommendation scale from 1 to 5. A score of 1 would represent a Buy recommendation, and a score of 5 would indicate a Sell recommendation. Out of all the analysts providing recommendations, 9 have rated the stock a Strong Buy or Buy, based on data provided by Zacks Research.

As we move into the second half of the year, investors may be wondering what’s in store for stocks. During the summer months, markets are typically a bit more subdued. Investors might be looking to get positioned for whatever is coming. Many feel that the bull market may be losing steam, while others believe that there is plenty of room for the market to cruise higher. Market conditions can change quickly, and being prepared for the worst may help ease the burden if the tide turns unexpectedly.