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With a market cap of $72.2 billion, Parker-Hannifin Corporation (PH) manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. Founded in 1917, the Cleveland, Ohio-based company operates through the Diversified Industrial and Aerospace Systems segments. The company is expected to announce its Q3 results on Thursday, May 1.
Ahead of the event, analysts expect PH to report a profit of $6.73 per share, up 3.4% from the year-ago quarter's profit of $6.51 per share. Moreover, the company has surpassed analysts' earnings estimates in each of the past four quarters. In the previous quarter, it reported EPS of $6.53, which surpassed the consensus estimate by approximately 5%.
