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Cleveland, Ohio-based Parker-Hannifin Corporation (PH) manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. Valued at $82.1 billion by market cap, Parker-Hannifin operates through Diversified Industrial and Aerospace Systems segments.
The industrial sector giant is expected to announce its second-quarter results on Thursday, Feb. 6. Ahead of the event, analysts expect Parker-Hannifin to report a non-GAAP profit of $6.21 per share, marginally up from $6.15 per share reported in the year-ago quarter. The company has surpassed Wall Street’s bottom-line projections in each of the past four quarters. Its adjusted EPS for the last reported quarter increased 4% year-over-year to $6.20, exceeding analysts’ estimates by 1.1%.
