Parker-Hannifin Gears Up to Report Q2 Earnings: What's in the Offing?

Parker-Hannifin Corporation PH is slated to release second-quarter fiscal 2026 (ended December 2025) results on Jan. 29, before market open.The Zacks Consensus Estimate for revenues is pegged at $5.04 billion, indicating a rise of 6.3% from the prior-year quarter’s number. The consensus mark for earnings is pinned at $7.15 per share, which has increased 0.6% in the past 60 days. The figure indicates an increase of 9.5% from the year-ago quarter’s figure.The company has a stellar earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 6.2%.Let’s see how things have shaped up for Parker-Hannifin this earnings season.Factors Likely to Have Shaped PH’s Quarterly PerformanceThe Aerospace Systems segment is expected to have benefited from persistent strength in PH’s commercial and military end markets across both OEM and aftermarket channels. Healthy demand for its products and aftermarket support services in the general aviation market, driven by growth in air transport activities, is likely to have augmented the segment’s performance.Also, strength in its defense market, owing to robust U.S. and international defense spending volumes, is likely to have been beneficial. The Zacks Consensus Estimate for the segment’s quarterly revenues is pegged at $1.67 billion, indicating 11.9% growth from the year-ago number.Solid demand from customers across the in-plant and industrial equipment, refrigeration, HVAC and aerospace & defense markets is likely to have driven the Diversified Industrial segment’s North America business. Strength within the electronics, semiconductor and energy markets in the Asia Pacific region is likely to augment the results of the International business.The consensus estimate for the Diversified Industrial North America segment’s revenues is pinned at $1.96 billion, indicating 1.7% growth year over year. The consensus mark for the Diversified Industrial International segment’s revenues is pegged at $1.44 billion, indicating an 8.5% rise year over year.In September 2025, Parker-Hannifin completed the acquisition of Curtis Instruments. The inclusion of Curtis’ advanced control solutions enabled the company to enhance its industrial electrification portfolio and expand its reach in in-plant material handling and off-highway markets. The buyout is also expected to augment PH’s top-line results. Parker-Hannifin’s margins in the fiscal second quarter are expected to have benefited from its Win Strategy, which focuses on innovation, strategic positioning and capital allocation policy. Notably, the Win strategy is the company’s business initiative that defines goals and initiatives, which enable long-term and sustainable growth.Parker-Hannifin Corporation Price and EPS Surprise Parker-Hannifin Corporation price-eps-surprise | Parker-Hannifin Corporation QuoteEarnings WhispersOur proven model does not conclusively predict an earnings beat for Parker-Hannifin this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as elaborated below.Earnings ESP: PH has an Earnings ESP of -0.21%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.Zacks Rank: Parker-Hannifin presently carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.Stocks With the Favorable CombinationHere are three companies, which according to our model, have the right combination of elements to post an earnings beat this season.Dover Corporation DOV has an Earnings ESP of +0.70% and a Zacks Rank of 3 at present. The company is slated to release fourth-quarter 2025 results on Jan. 29.Dover’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 3.9%.Deere & Company DE has an Earnings ESP of +0.13% and a Zacks Rank of 3 at present. The company is slated to release first-quarter fiscal 2026 results on Feb. 12.Deere’s earnings surpassed the Zacks Consensus Estimate thrice and missed once in the trailing four quarters, the average surprise being 5.2%.Allegion plc ALLE has an Earnings ESP of +0.75% and a Zacks Rank of 3 at present. The company is scheduled to release fourth-quarter 2025 results on Feb. 17.Allegion’s earnings surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 5.9%.Just Released: Zacks Top 10 Stocks for 2026Hurry – you can still get in early on our 10 top tickers for 2026. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful.From inception in 2012 through November, 2025, the Zacks Top 10 Stocks gained +2,530.8%, more than QUADRUPLING the S&P 500’s +570.3%.Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2026. You can still be among the first to see these just-released stocks with enormous potential.See New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Parker-Hannifin Corporation (PH): Free Stock Analysis Report Dover Corporation (DOV): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Allegion PLC (ALLE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks