Emerson Electric Company Down 5.55% To $86.12 After Earnings

Wednesday, February 8, 2023 - Emerson Electric Company (EMR) reported upside earnings and revenues today.

Emerson Electric Company earnings per share (EPS) came in at of $0.78. Emerson Electric Company's earnings were down 26% year-over-year as the firm reported an EPS of $1.05 in its year-ago quarter. The negative annual growth shows the Industrials company isn't performing well amid current economic conditions.

Revenues were upbeat at $3.4 billion. That revenue figure represents a 24.59% decrease from the year ago quarter.

The stock is down 5.55% to $86.12 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Emerson Electric Company a Neutral Sentiment Rank from InvestorsObserver.

Emerson Electric Company has performed a little above average during the past few months. Before the report, Emerson Electric Company received a Long-Term Technical Rank by InvestorsObserver of 73, putting it in the top half of stocks. The firm set a 52-week low on September 27, 2022 at $72.41 and set a 52-week high on March 31, 2022 at $100.

Emerson Electric is a multi-industrial conglomerate that operates under four segments: automation solutions, AspenTech, an industrial software business whose assets Emerson partially acquired, and Climate Technologies and Tools & Home Products. Tools boasts several household brands, like Ridgid. Automation solutions is most known for its process manufacturing solutions, which consists of measurement instrumentation, as well as valves and actuators, among other products and services. Roughly half of the firm's geographic sales take place in the United States.