Seeking Clues to Rockwell Automation (ROK) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics

In its upcoming report, Rockwell Automation (ROK) is predicted by Wall Street analysts to post quarterly earnings of $2.94 per share, reflecting an increase of 19% compared to the same period last year. Revenues are forecasted to be $2.21 billion, representing a year-over-year increase of 8.7%.The consensus EPS estimate for the quarter has undergone an upward revision of 2.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.In light of this perspective, let's dive into the average estimates of certain Rockwell Automation metrics that are commonly tracked and forecasted by Wall Street analysts.Analysts forecast 'Sales- Intelligent Devices' to reach $1.00 billion. The estimate points to a change of +5.9% from the year-ago quarter.Analysts expect 'Sales- Lifecycle Services' to come in at $585.73 million. The estimate points to a change of -0.4% from the year-ago quarter.Analysts predict that the 'Sales- Software & Control' will reach $612.81 million. The estimate indicates a change of +22.2% from the prior-year quarter.Based on the collective assessment of analysts, 'Operating earnings- Intelligent Devices' should arrive at $205.64 million. Compared to the present estimate, the company reported $195.30 million in the same quarter last year.The collective assessment of analysts points to an estimated 'Operating earnings- Lifecycle Services' of $99.60 million. Compared to the present estimate, the company reported $102.00 million in the same quarter last year.The consensus estimate for 'Operating earnings- Software & Control' stands at $174.44 million. The estimate is in contrast to the year-ago figure of $111.80 million. View all Key Company Metrics for Rockwell Automation here>>> Over the past month, shares of Rockwell Automation have returned +4.6% versus the Zacks S&P 500 composite's +2.1% change. Currently, ROK carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .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 Rockwell Automation, Inc. (ROK): 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