Earnings Estimates

Stock Information

Price (Prev Close): 73.17
Price - 52 Week High: 86.18
Price - 52 Week Low: 61.22
Price Date (Latest): 1/27/20
Median Price Target: 85.78
Diff from Prev Close: 12.61
% Difference: 17.23

Analyst Ratings

Mean Recommendation:

2.17

Sell

Strong Buy

Available Measures

Reference Information - Earnings Per Share

Last Actual (FY0): 8.20
FY0 End Date: 12/1/18
Ind. Annual Div: 2.64
Hist (5 Yr) Growth %: -0.07
Yield (%): 3.61

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 8.74 9.33 8.05 8.75 11 1 4 -1.60
Annual 12/1/20 7.74 7.98 7.50 7.74 17 -- 6 -1.43
Annual 12/1/19 7.04 7.15 6.98 7.01 18 -- 6 -0.61
Quarterly 3/1/20 1.84 1.99 1.72 1.82 9 -- 2 -1.37
Quarterly 6/1/20 2.18 2.34 2.04 2.17 9 -- 2 -0.30
Quarterly 9/1/20 2.18 2.32 2.09 2.14 9 -- 2 -0.80
Quarterly 12/1/19 1.33 1.42 1.28 1.31 17 -- 6 -3.20
Long Term Growth 4.26 4.52 4.00 4.26 2 -- -- 0.00

Actuals - Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 8.20 8.39 -2.31
Annual 12/1/17 7.61 7.06 7.83
Annual 12/1/16 6.76 6.73 0.38
Quarterly 9/1/19 1.94 1.98 -2.14
Quarterly 6/1/19 1.99 2.09 -4.63
Quarterly 3/1/19 1.77 1.87 -5.18
Quarterly 12/1/18 1.39 1.61 -13.41

Reference Information - Book Value Per Share

Last Actual (FY0): 41.51
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Book Value Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 49.03 50.86 43.68 50.49 5 1 1 -0.47
Annual 12/1/20 47.08 48.38 45.41 47.26 4 -- 1 -0.27
Annual 12/1/19 43.68 45.00 42.06 43.83 4 -- 1 -0.08
Quarterly 12/1/19 44.31 44.31 44.31 44.31 1 -- -- --

Actuals - Book Value Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 41.51 41.05 1.12
Annual 12/1/17 25.10 34.79 -27.87
Annual 12/1/16 20.82 31.48 -33.86
Quarterly 9/1/19 44.29 43.56 1.68
Quarterly 6/1/19 42.86 43.64 -1.78
Quarterly 3/1/19 42.18 42.08 0.25
Quarterly 12/1/18 41.51 41.87 -0.85

Reference Information - Cash Flow Per Share

Last Actual (FY0): 10.80
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Cash Flow Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 12.86 14.47 11.24 12.65 6 1 1 -0.08
Annual 12/1/20 11.23 12.66 8.46 11.75 7 -- 2 -0.73
Annual 12/1/19 10.50 11.83 7.63 10.77 7 -- 2 -0.30
Quarterly 3/1/20 2.73 2.97 2.48 2.73 2 -- 1 9.44
Quarterly 6/1/20 3.40 3.41 3.39 3.40 2 -- 1 -0.29
Quarterly 9/1/20 3.44 3.49 3.38 3.44 2 -- 1 -2.14
Quarterly 12/1/19 2.42 4.81 -- 2.46 3 -- 1 -2.02

Actuals - Cash Flow Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 10.80 11.59 -6.80
Annual 12/1/17 11.34 11.02 2.86
Annual 12/1/16 9.33 10.35 -9.85
Quarterly 9/1/19 2.19 3.41 -35.81
Quarterly 6/1/19 3.03 3.26 -6.99
Quarterly 3/1/19 -0.04 2.46 -101.63
Quarterly 12/1/18 5.24 3.74 40.24

Reference Information - Dividend Per Share

Last Actual (FY0): 2.30
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Dividend Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 2.91 3.17 2.60 2.96 10 1 2 -0.78
Annual 12/1/20 2.63 2.84 2.18 2.66 14 1 4 -0.82
Annual 12/1/19 2.43 2.53 1.98 2.48 14 1 3 -0.23
Quarterly 3/1/20 0.66 0.68 0.65 0.66 3 -- 1 -0.50
Quarterly 6/1/20 0.66 0.68 0.65 0.66 3 -- 1 -0.50
Quarterly 9/1/20 0.66 0.68 0.65 0.66 3 -- 1 -0.50
Quarterly 12/1/19 0.62 0.62 0.62 0.62 3 -- -- --

Actuals - Dividend Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 2.30 2.19 5.10
Annual 12/1/17 2.09 2.04 2.64
Annual 12/1/16 1.89 1.83 3.22
Quarterly 9/1/19 0.62 0.62 -0.32
Quarterly 6/1/19 0.62 0.62 -0.08
Quarterly 3/1/19 0.62 0.61 2.10
Quarterly 12/1/18 0.62 0.56 10.52

Reference Information - EBIT

Last Actual (FY0): 1,633.00
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - EBIT

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 1,533.63 1,603.00 1,443.55 1,554.00 11 -- 3 -1.14
Annual 12/1/20 1,460.45 1,517.00 1,387.20 1,465.00 16 -- 4 -0.74
Annual 12/1/19 1,370.85 1,401.00 1,295.00 1,377.06 15 -- 4 -0.38
Quarterly 3/1/20 362.33 376.00 345.00 366.00 3 -- -- -2.34
Quarterly 6/1/20 405.67 409.00 403.00 405.00 3 -- -- 0.41
Quarterly 9/1/20 394.00 401.00 389.00 392.00 3 -- -- -0.25
Quarterly 12/1/19 271.95 285.00 247.90 270.80 10 -- 2 -1.35

Actuals - EBIT

Reported Mean Estimate Surprise % Change
Annual 12/1/18 1,633.00 1,695.71 -3.70
Annual 12/1/17 1,631.00 1,536.46 6.15
Annual 12/1/16 1,534.00 1,546.77 -0.83
Quarterly 9/1/19 369.00 385.23 -4.21
Quarterly 6/1/19 389.00 403.72 -3.65
Quarterly 3/1/19 352.00 372.62 -5.53
Quarterly 12/1/18 276.00 330.56 -16.50

Reference Information - EBITDA

Last Actual (FY0): 2,237.00
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - EBITDA

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 2,172.03 2,227.65 2,082.00 2,172.50 10 1 3 -0.66
Annual 12/1/20 2,086.34 2,142.00 2,044.97 2,085.00 17 -- 6 -0.57
Annual 12/1/19 1,998.10 2,014.00 1,980.62 1,998.59 17 -- 6 -0.29
Quarterly 3/1/20 510.05 531.00 492.00 506.77 5 -- 1 -0.54
Quarterly 6/1/20 553.36 563.50 530.00 558.00 5 -- 1 0.33
Quarterly 9/1/20 557.38 571.00 544.00 556.00 5 -- 1 -0.43
Quarterly 12/1/19 426.29 439.00 413.00 422.60 11 -- 3 -1.28

Actuals - EBITDA

Reported Mean Estimate Surprise % Change
Annual 12/1/18 2,237.00 2,300.00 -2.74
Annual 12/1/17 2,218.00 2,114.25 4.91
Annual 12/1/16 2,114.00 2,126.96 -0.61
Quarterly 9/1/19 520.00 538.51 -3.44
Quarterly 6/1/19 545.00 559.84 -2.65
Quarterly 3/1/19 507.00 523.63 -3.18
Quarterly 12/1/18 429.00 484.29 -11.42

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 7.56
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - GAAP Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 8.44 8.95 7.83 8.50 4 1 -- 0.12
Annual 12/1/20 7.67 8.00 7.05 7.79 9 -- 1 -0.58
Annual 12/1/19 6.89 7.10 6.60 7.00 5 -- 1 -0.38
Quarterly 3/1/20 1.79 1.79 1.79 1.79 1 -- -- --
Quarterly 6/1/20 2.22 2.22 2.22 2.22 1 -- -- --
Quarterly 9/1/20 2.14 2.14 2.14 2.14 1 -- -- --
Quarterly 12/1/19 1.35 1.44 1.15 1.40 7 -- 1 -1.36

Actuals - GAAP Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 7.56 8.60 -12.11
Annual 12/1/17 10.09 7.35 37.32
Annual 12/1/16 5.84 6.55 -10.78
Quarterly 9/1/19 1.93 1.99 -3.02
Quarterly 6/1/19 1.85 2.09 -11.60
Quarterly 3/1/19 1.49 1.83 -18.50
Quarterly 12/1/18 0.24 1.60 -84.97

Reference Information - Net Debt

Last Actual (FY0): 5,942.00
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Debt

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 5,221.35 5,672.00 4,872.00 5,215.79 6 2 1 0.23
Annual 12/1/20 5,390.31 5,654.00 5,066.41 5,328.36 7 1 1 -0.03
Annual 12/1/19 5,715.11 6,006.00 5,508.00 5,679.58 7 1 1 -0.04
Quarterly 12/1/19 5,817.09 5,817.09 5,817.09 5,817.09 1 -- -- --

Actuals - Net Debt

Reported Mean Estimate Surprise % Change
Annual 12/1/18 5,942.00 5,987.29 -0.76
Annual 12/1/17 6,349.00 6,034.91 5.20
Annual 12/1/16 6,413.00 6,267.40 2.32
Quarterly 9/1/19 6,002.00 6,058.86 -0.94
Quarterly 6/1/19 6,169.00 6,119.16 0.81
Quarterly 3/1/19 6,269.00 6,007.92 4.35
Quarterly 12/1/18 5,942.00 6,050.97 -1.80

Reference Information - Net Income

Last Actual (FY0): 1,172.00
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Income

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 1,103.02 1,158.00 1,036.60 1,108.00 9 1 2 -1.08
Annual 12/1/20 1,038.35 1,073.00 1,003.00 1,036.57 15 -- 4 -0.92
Annual 12/1/19 972.97 995.00 926.00 972.34 15 -- 4 -0.45
Quarterly 3/1/20 251.44 261.00 241.88 251.44 2 -- -- -3.66
Quarterly 6/1/20 296.21 296.42 296.00 296.21 2 -- -- 0.07
Quarterly 9/1/20 282.48 282.95 282.00 282.48 2 -- -- 0.17
Quarterly 12/1/19 184.77 194.00 176.00 184.00 9 -- 2 -1.87

Actuals - Net Income

Reported Mean Estimate Surprise % Change
Annual 12/1/18 1,172.00 1,202.57 -2.54
Annual 12/1/17 1,112.00 1,028.72 8.10
Annual 12/1/16 1,003.00 998.51 0.45
Quarterly 9/1/19 267.00 279.03 -4.31
Quarterly 6/1/19 277.00 291.92 -5.11
Quarterly 3/1/19 248.00 262.68 -5.59
Quarterly 12/1/18 196.00 227.92 -14.01

Reference Information - Operating Profit

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Operating Profit

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 -- -- -- -- -- -- -- --
Annual 12/1/20 -- -- -- -- -- -- -- --
Annual 12/1/19 -- -- -- -- -- -- -- --
Quarterly 9/1/20 -- -- -- -- -- -- -- --
Quarterly 6/1/20 -- -- -- -- -- -- -- --
Quarterly 3/1/20 -- -- -- -- -- -- -- --
Quarterly 12/1/19 -- -- -- -- -- -- -- --

Actuals - Operating Profit

Reported Mean Estimate Surprise % Change
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --

Reference Information - Return On Equity

Last Actual (FY0): 20.75
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Return On Equity

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 16.92 18.11 15.80 16.88 4 -- -- -1.63
Annual 12/1/20 14.31 17.04 4.20 16.15 6 -- -- -0.72
Annual 12/1/19 14.46 16.80 4.10 16.37 7 -- -- -0.54
Quarterly 3/1/20 16.56 16.56 16.56 16.56 1 -- -- --
Quarterly 6/1/20 20.20 20.20 20.20 20.20 1 -- -- --
Quarterly 9/1/20 18.94 18.94 18.94 18.94 1 -- -- --
Quarterly 12/1/19 11.99 11.99 11.99 11.99 1 -- -- --

Actuals - Return On Equity

Reported Mean Estimate Surprise % Change
Annual 12/1/18 20.75 19.14 1.61
Annual 12/1/17 22.15 19.71 2.44
Annual 12/1/16 23.64 20.98 2.66
Quarterly 9/1/19 17.97 18.95 -0.98
Quarterly 6/1/19 18.92 19.89 -0.97
Quarterly 3/1/19 17.04 17.71 -0.67
Quarterly 12/1/18 13.38 16.12 -2.74

Reference Information - Sales

Last Actual (FY0): 10,151.00
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Sales

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 9,730.81 10,103.00 9,302.15 9,760.55 10 1 1 -0.43
Annual 12/1/20 9,456.99 9,780.00 9,145.07 9,478.30 16 1 2 -0.27
Annual 12/1/19 9,276.49 9,412.00 9,137.88 9,285.19 16 -- 3 -0.08
Quarterly 3/1/20 2,401.55 2,425.00 2,329.31 2,418.02 5 -- -- -0.74
Quarterly 6/1/20 2,394.52 2,410.00 2,349.70 2,404.20 5 -- -- -0.49
Quarterly 9/1/20 2,381.51 2,414.92 2,361.74 2,375.00 5 -- -- 0.26
Quarterly 12/1/19 2,204.26 2,298.28 2,069.88 2,217.19 12 -- 2 -0.16

Actuals - Sales

Reported Mean Estimate Surprise % Change
Annual 12/1/18 10,151.00 10,152.17 -0.01
Annual 12/1/17 9,549.00 9,427.95 1.28
Annual 12/1/16 9,008.00 8,972.40 0.40
Quarterly 9/1/19 2,325.00 2,364.39 -1.67
Quarterly 6/1/19 2,363.00 2,550.94 -7.37
Quarterly 3/1/19 2,380.00 2,581.04 -7.79
Quarterly 12/1/18 2,376.00 2,366.74 0.39

Copyright Thomson Reuters Corporation