Parker-Hannifin Corporation (PH), based in Cleveland, Ohio, is a global powerhouse in motion and control technologies. Valued at $82.2 billion by market cap, the company plays a pivotal role in the industrial sector, providing a diverse range of products and solutions, including hydraulics, pneumatics, filtration, and fluid handling systems. It is expected to announce its fiscal 2025 first-quarter earnings on Thursday, October 31, before the market opens. 

Ahead of the event, analysts expect PH to report a profit of $6.13 per share on a diluted basis, up 2.9% from $5.96 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in each of its last four quarterly reports. Its EPS of $6.77 in the previous quarter surpassed the consensus estimate by 8.7% due to robust strength across businesses and operational improvement.

For the full year, analysts expect PH to report EPS of $26.68, up 4.9% from $25.44 in fiscal 2023.

PH stock has outperformed the S&P 500’s ($SPX) 38.5% gains over the past 52 weeks, with shares up 68.7% during this period. It has also outpaced the Industrial Select Sector SPDR Fund’s (XLI) 38.9% gains over the same time frame.

PH shares jumped more than 10% on Aug. 8 after reporting stellar Q4 earnings results, topping market expectations. It expects fiscal 2025 adjusted EPS to be between $26.30 and $27 and revenue to rise between 1.5% and 4.5%.

Analysts’ consensus opinion on PH stock is highly bullish, with a “Strong Buy” rating overall. Out of 17 analysts covering the stock, 14 advise a “Strong Buy” rating, one suggests a “Moderate Buy” rating, and the remaining two analysts give it a “Hold.” 

The average analyst price target for PH is $698.50, indicating a potential upside of 11% from the prevailing market prices. 

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On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.