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Cleveland, Ohio-based Parker-Hannifin Corporation (PH) manufactures and sells motion and control technologies and systems. Valued at $73.10 billion by market cap, the company offers motion-control and fluid systems and industrial components, flight control, hydraulic, fluid conveyance, thermal management, pneumatic, and lubrication systems, and components for aerospace markets. The leader in motion and control systems is expected to announce its fiscal fourth-quarter earnings for 2024 on Thursday, Aug. 8.
Ahead of the event, analysts expect PH to report a profit of $6.22 per share on a diluted basis, up 2.3% from $6.08 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.
