Rockwell Automation (NYSE:ROK) closed at $284.42 in its most recent trading session, marking a notable increase of 1.09% from the previous day. This positive movement exceeded the S&P 500’s daily gain of 0.4%. In comparison, the Dow experienced a 0.13% gain, while the Nasdaq, known for its tech-heavy composition, saw a 0.45% increase.
Over the past month, Rockwell Automation’s shares had experienced a 7.24% decline. During the same period, the Industrial Products sector recorded a 4.86% loss, while the broader S&P 500 index saw a 1.38% decrease.
Investors are eagerly awaiting Rockwell Automation’s upcoming earnings release, hoping for a strong performance. Analysts anticipate earnings per share (EPS) of $3.49, reflecting a 14.8% increase compared to the same quarter in the previous year. The latest consensus estimate also projects quarterly revenue of $2.43 billion, representing a 14.29% increase year-over-year.
For the full year, the Zacks Consensus Estimates predict earnings of $11.95 per share and revenue of $8.93 billion. These figures would signify year-over-year growth rates of +25.92% and +15.01%, respectively.
It’s worth noting the recent adjustments to analyst estimates for Rockwell Automation, which often reflect short-term business trends. Positive estimate revisions can be seen as a positive indicator of the company’s business outlook.
Investors should also consider Rockwell Automation’s valuation metrics, including its Forward P/E ratio of 23.55. This valuation is slightly higher than the industry average Forward P/E of 22.93.
Furthermore, ROK has a PEG ratio of 1.9, a metric similar to the P/E ratio but accounting for expected earnings growth. The Industrial Automation and Robotics industry has an average PEG ratio of 4.5.
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