Eaton Corporation PLC Stock Buy Recommendation Reiterated (ETN)
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- The revenue growth came in higher than the industry average of 6.5%. Since the same quarter one year prior, revenues rose by 34.1%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Compared to its closing price of one year ago, ETN's share price has jumped by 59.03%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, ETN should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Electrical Equipment industry. The net income increased by 21.5% when compared to the same quarter one year prior, going from $311.00 million to $378.00 million.
- Net operating cash flow has significantly increased by 202.04% to $100.00 million when compared to the same quarter last year. In addition, EATON CORP PLC has also vastly surpassed the industry average cash flow growth rate of 6.90%.
--Written by a member of TheStreet Ratings Staff. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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