Unveiling Rockwell Automation (ROK) Q3 Outlook: Wall Street Estimates for Key Metrics

Analysts on Wall Street project that Rockwell Automation (ROK) will announce quarterly earnings of $2.69 per share in its forthcoming report, representing a decline of 0.7% year over year. Revenues are projected to reach $2.07 billion, increasing 0.9% from the same quarter last year.Over the last 30 days, there has been an upward revision of 0.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.Given this perspective, it's time to examine the average forecasts of specific Rockwell Automation metrics that are routinely monitored and predicted by Wall Street analysts.Analysts' assessment points toward 'Sales- Intelligent Devices' reaching $930.34 million. The estimate indicates a year-over-year change of -2.8%.The average prediction of analysts places 'Sales- Lifecycle Services' at $552.24 million. The estimate indicates a year-over-year change of -5%.The collective assessment of analysts points to an estimated 'Sales- Software & Control' of $585.50 million. The estimate suggests a change of +14.3% year over year.Analysts expect 'Operating earnings- Intelligent Devices' to come in at $182.98 million. Compared to the current estimate, the company reported $193.50 million in the same quarter of the previous year.The consensus estimate for 'Operating earnings- Lifecycle Services' stands at $85.83 million. The estimate is in contrast to the year-ago figure of $112.40 million.It is projected by analysts that the 'Operating earnings- Software & Control' will reach $165.25 million. The estimate is in contrast to the year-ago figure of $120.60 million. View all Key Company Metrics for Rockwell Automation here>>> Shares of Rockwell Automation have experienced a change of +1.3% in the past month compared to the +2.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), ROK is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant 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