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Headquartered in Dublin, Ireland, Eaton Corporation plc (ETN) is a global leader in power management technology, specializing in a wide range of electrical components and systems. Valued at $138.2 billion by market cap, the company offers hydraulic products, fluid connectors, electrical power distribution, control equipment, truck drivetrain systems, engine components, and various controls. The industrial titan is expected to announce its fiscal third-quarter earnings for 2024 before the market opens on Tuesday, Oct. 29.
Ahead of the event, analysts expect ETN to report a profit of $2.80 per share on a diluted basis, up 13.4% from $2.47 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in each of its last four quarterly reports. Its EPS of $2.73 in the recent quarter surpassed the consensus estimate by 4.6%.
