Parker Hannifin Earnings: Everything You Must Know Now

Parker Hannifin Corporation (NYSE:PH) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Parker Hannifin Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 9.18% to $1.78 in the quarter versus EPS of $1.96 in the year-earlier quarter.

Revenue: Rose 0.48% to $3.43 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Parker Hannifin Corporation reported adjusted EPS income of $1.78 per share. By that measure, the company missed the mean analyst estimate of $1.97. It missed the average revenue estimate of $3.47 billion.

Quoting Management: “Our performance in fiscal year 2013 largely reflects challenging global macro-economic conditions and integration and acquisition related costs,” said Chairman, CEO and President, Don Washkewicz. “As the year progressed, we continued to adapt to weak conditions and drive stronger operational performance finishing positively with record fourth quarter sales and our highest quarterly segment operating margin for the fiscal year at 14.5 percent. For the year, we were able to deliver high levels of segment operating margin and operating cash flows.”

Key Stats (on next page)…

Revenue increased 3.66% from $3.31 billion in the previous quarter. EPS increased 5.95% from $1.68 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.77 to a profit $1.76. For the current year, the average estimate has moved down from a profit of $6.42 to a profit of $6.41 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)