Emerson Electric Company ($EMR) Stock Forecast: Down 8.4% Today

What is Emerson Electric Company?

Emerson Electric (NYSE: EMR) is a technology and software company known for its automation solutions. The stock had a bearish movement today in the market.

Why is Emerson Electric Company going down?

EMR stock is down 8.4% on Aug 7, 2024 17:16

• Emerson Electric exceeded earnings per share (EPS) estimates but fell short of revenue expectations for Q3 2024, resulting in a varied response from investors.
• Despite strong sales growth and an updated 2024 outlook, the stock traded lower, potentially influenced by concerns surrounding revenue and future performance.
• The company's better-than-anticipated earnings and revenue for the fiscal third quarter were not enough to counterbalance the market's reaction to the revenue shortfall.
• Emerson Electric's choice to increase its adjusted earnings guidance and announce a dividend could offer some stability in the short term, but today's downturn may be linked to the revenue miss and investor sentiment.

EMR Price Chart

EMR News

EMR Stock Earnings: Emerson Electric Beats EPS, Misses Revenue for Q3 2024

Emerson Electric (NYSE: EMR ) just reported results for the third quarter of 2024. Emerson Electric reported earnings per share of $1.43. This was above the analyst estimate for EPS of $1.42. The company reported revenue of $4.38 billion. This was 1.57% worse than the analyst estimate for revenue of $4.45 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com. More From InvestorPlace Legendary Investor Predicts: “Forget AI… THIS Technology Is the Future” The post EMR Stock Earnings: Emerson Electric Beats EPS, Misses Revenue for Q3 2024 appeared first on InvestorPlace .

https://investorplace.com/earning-results/2024/08/emr-stock-earnings-emerson-electric-for-q3-of-2024/

Earnings Summary: Emerson Electric reports higher Q3 2024 sales and profit

Software company Emerson Electric Co. (NYSE: EMR) on Wednesday reported higher net sales and adjusted earnings for the third quarter of 2024. Third-quarter net sales increased 11% annually to $4.38 […] The post Earnings Summary: Emerson Electric reports higher Q3 2024 sales and profit first appeared on AlphaStreet .

https://news.alphastreet.com/earnings-summary-emerson-electric-reports-higher-q3-2024-sales-and-profit/

Emerson Electric Posts Strong Q3 Sales Growth, Updates 2024 Outlook - Emerson Electric ( NYSE:EMR )

Emerson Electric Co EMR shares are trading lower on Wednesday after the company reported third-quarter FY24 net sales growth of 11% Y/Y to $4.38 billion, beating the consensus of $4.29 billion. Underlying sales were up 3% Y/Y, and underlying orders increased by 3% Y/Y in the quarter.

https://www.benzinga.com/news/earnings/24/08/40222134/emerson-electric-posts-strong-q3-sales-growth-updates-2024-outlook

Emerson Electric Q3 earnings beat estimates, shares edge higher By Investing.com

ST. LOUIS – Emerson Electric Co. (NYSE: NYSE:) reported higher-than-expected earnings and revenue for its fiscal third quarter on Wednesday, though shares edged slightly higher in pre-market trading. The automation company posted adjusted earnings per share of $1.43, better than analyst estimates of $1.41. Revenue came in at $4.38 billion, versus the consensus estimate of […] The post Emerson Electric Q3 earnings beat estimates, shares edge higher By Investing.com first appeared on Forex Trader Hub .

https://forextraderhub.com/emerson-electric-q3-earnings-beat-estimates-shares-edge-higher-by-investing-com.html

ROUNDUP: Emerson Electric Boosts FY24 Adj. EPS Outlook; Declares Dividend

WASHINGTON (dpa-AFX) - While reporting financial results for the third quarter on Wednesday, technology and software company Emerson Electric Co. (EMR) raised its adjusted earnings guidance for th…

https://www.finanznachrichten.de/nachrichten-2024-08/62935002-roundup-emerson-electric-boosts-fy24-adj-eps-outlook-declares-dividend-020.htm

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Emerson Electric Company Price History

27.08.2023 - EMR Stock was down 6.3%

• Fortem Financial Group LLC increased its holdings in EMR, indicating confidence in the stock.
• The article mentions a shift from growth stocks to value stocks, which could have led to a decrease in demand for EMR.
• The mention of higher interest rates and concerns about a possible recession may have influenced investors to move away from EMR, which is not mentioned as a value stock or dividend aristocrat.
• The overall bearish movement in the market could be a result of broader economic factors impacting investor sentiment.

08.04.2024 - EMR Stock was up 5.1%

• Emerson Electric reported impressive second-quarter earnings, beating both EPS and revenue estimates, showcasing strong financial performance.
• The company's net sales growth of 17% year-over-year to $4.38 billion exceeded market expectations, indicating robust business operations.
• Despite a slight decline in underlying orders, the overall positive earnings report and outlook for sales growth tightened by the company contributed to the bullish market movement of EMR stock.
• Investors reacted positively to the earnings beat and optimistic future prospects, driving the stock price higher as a result of the strong financial performance.

09.04.2024 - EMR Stock was up 5.7%

• EMR posted better-than-expected results for its second quarter, with net sales growth of 17% year-over-year and adjusted EPS improving by 25% year-over-year.
• The company beat analyst estimates for both earnings per share and revenue for Q2 2024, showcasing strong financial performance.
• Despite the positive earnings report, EMR shares traded lower as underlying orders declined by 1% year-over-year in the quarter, leading to some investor caution.
• The mixed trading of U.S. stocks towards the end of the day, with the Dow Jones index gaining over 150 points, also contributed to the overall bullish sentiment in the market, benefiting EMR's upward movement.

07.01.2024 - EMR Stock was up 10.5%

• Emerson Electric reported strong first-quarter FY24 net sales growth, beating consensus estimates.
• The company's sales in various segments, such as Measurement & Analytical and Control Systems & Software, showed significant year-over-year increases.
• Emerson Electric's earnings and revenue for the quarter also surpassed expectations.
• The positive financial results and beating estimates likely contributed to the bullish movement in EMR's stock today.

07.10.2023 - EMR Stock was down 5.9%

• The bearish movement in EMR's stock today can be attributed to several factors:
• 1. Earnings Miss: The company reported lower-than-expected earnings for the fourth quarter, with Non-GAAP EPS and revenue falling short of estimates. This disappointment in financial performance could have led to a decrease in investor confidence and a subsequent sell-off of the stock.
• 2. Market Volatility: The overall market sentiment has been cautious, with investors trying to gauge the impact of recent events on the economy. The uncertainty surrounding the Federal Reserve's rate cuts and the bond market's reaction to oil price fluctuations have contributed to market volatility, which may have affected EMR's stock negatively.
• 3. Dividend Expectations: EMR is known for its consistent dividend payments and long-term investment opportunities. However, the market may have reacted negatively if there were concerns about the company's ability to sustain its dividend growth. The focus on high-yield dividends and portfolio resilience in the current market environment could have influenced investor sentiment towards EMR.
• In conclusion, the bearish movement in EMR's stock today can be attributed to factors such as earnings miss, market volatility, and dividend expectations. Investors are closely monitoring the company's financial performance and its ability to navigate through uncertain market conditions.

08.04.2024 - EMR Stock was up 3.1%

• Emerson Electric (EMR) recorded a 17% year-on-year growth in net sales for the second quarter of fiscal year 2024, surpassing market expectations, which contributed to the positive momentum in the stock.
• Despite a slight 1% year-on-year decrease in underlying orders, Emerson Electric's decision to tighten its full-year sales growth forecast and raise profit expectations due to consistent demand for measurement tools, instilled confidence among investors.
• The earnings surpass and favorable revenue outcomes in Q2 2024 demonstrate promising performance and growth opportunities for Emerson Electric, thereby driving the bullish sentiment in the market.
• Overall, the market responded positively to Emerson Electric's strong financial results and optimistic projections, resulting in a significant bullish movement in the stock.

07.01.2024 - EMR Stock was up 9.4%

• Today, the stock of Emerson Electric Co. (EMR) experienced a strong bullish movement. This can be attributed to several factors:
• 1. Strong Q1 2024 Earnings: Emerson Electric Co. reported strong earnings for the first quarter, surpassing Street estimates. This positive financial performance likely contributed to the bullish market movement.
• 2. Raised Outlook: The company also raised its adjusted earnings and net sales growth outlook for FY24. This optimistic outlook may have instilled confidence in investors, leading to increased buying activity and driving the stock price up.
• 3. Positive Market Sentiment: The overall market sentiment for industrial utility communication companies, such as Emerson Electric Co., seems to be positive. The article mentioning the projected growth of the industrial utility communication market further supports this sentiment. Investors may be optimistic about the company's future prospects in this growing market.
• 4. End Market Strength: Despite a weak discrete and semiconductor end market, Emerson Electric Co. is expected to benefit from strength across its process and hybrid end markets. This positive outlook for specific sectors in which the company operates could have contributed to the bullish movement.
• Overall, strong earnings, a raised outlook, positive market sentiment, and anticipated strength in specific end markets likely drove the bullish movement of Emerson Electric Co.'s stock today.

07.01.2024 - EMR Stock was up 12.2%

• The bullish movement in EMR's stock today can be attributed to the following factors:
• 1. Strong Q1 2024 earnings: Emerson Electric reported impressive first-quarter net sales growth of 22% year-over-year, surpassing market expectations. The company's underlying sales and orders also showed positive growth, indicating a robust performance in various segments.
• 2. Positive market sentiment: The overall positive market sentiment, as reflected in the higher trading of U.S. stocks, including EMR, contributed to the bullish movement. Chipotle Mexican Grill's upbeat earnings and other big stocks moving higher also added to the positive sentiment.
• 3. Increased sales growth: Emerson Electric's faster sales growth, particularly in segments like Measurement & Analytical (26% YoY) and Control Systems & Software (11% YoY), played a significant role in driving the stock's upward movement. The strong sales performance demonstrated the company's ability to meet market demand and generate revenue growth.

07.01.2024 - EMR Stock was up 10.3%

• The bullish movement in EMR stock today can be attributed to the following factors:
• 1. Strong guidance: Emerson Electric's shares rose as the company's guidance exceeded expectations. This positive outlook for future performance likely boosted investor confidence and contributed to the bullish movement.
• 2. Solid financial results: Emerson Electric reported better-than-expected first-quarter earnings, with revenues increasing by 22.1% year over year. The strong segmental performance, particularly in Measurement & Analytical and Control Systems & Software, likely impressed investors and drove the stock higher.
• 3. Market optimism: The broader market trend of U.S. stocks trading higher, with the Dow Jones gaining around 150 points, may have also influenced the bullish movement in Emerson Electric's stock. Positive sentiment and overall market optimism can have a spillover effect on individual stocks.
• Overall, the combination of strong guidance, solid financial results, and favorable market conditions likely contributed to the bullish movement in Emerson Electric's stock today.

07.07.2024 - EMR Stock was down 8.4%

• Emerson Electric exceeded earnings per share (EPS) estimates but fell short of revenue expectations for Q3 2024, resulting in a varied response from investors.
• Despite strong sales growth and an updated 2024 outlook, the stock traded lower, potentially influenced by concerns surrounding revenue and future performance.
• The company's better-than-anticipated earnings and revenue for the fiscal third quarter were not enough to counterbalance the market's reaction to the revenue shortfall.
• Emerson Electric's choice to increase its adjusted earnings guidance and announce a dividend could offer some stability in the short term, but today's downturn may be linked to the revenue miss and investor sentiment.

07.07.2024 - EMR Stock was down 6.0%

• Despite posting strong Q3 sales growth and beating earnings estimates, Emerson Electric's stock experienced a bearish movement.
• The market reaction could be due to investors possibly having higher expectations for the company's performance, leading to a sell-off after the positive news was already priced in.
• The revision of the full-year outlook and the slight decrease in Q3 profit, even though it beat expectations, might have contributed to a more cautious sentiment among investors, resulting in the bearish movement.
• Overall, the market movement for EMR today could be a classic case of "buy the rumor, sell the news" scenario, where investors took profits after the positive earnings reports.

07.07.2024 - EMR Stock was down 5.4%

• Emerson Electric adjusted its full-year expectations, anticipating a decrease in net income per share for the year. This adjustment likely influenced the stock's decline.
• Despite surpassing earnings projections, the stock faced a downturn due to the revised guidance, triggering a negative market response.
• Although the company raised its adjusted earnings guidance for 2024, this positive development was overshadowed by the downward revision for the current year.
• Investors had mixed responses. While shares ticked up post missing earnings estimates, it reflects uncertainty and volatility in EMR's performance and future outlook.