Earnings Estimates

Stock Information

Price (Prev Close): 78.46
Price - 52 Week High: 86.18
Price - 52 Week Low: 61.22
Price Date (Latest): 11/20/19
Median Price Target: 86.33
Diff from Prev Close: 7.87
% Difference: 10.03

Analyst Ratings

Mean Recommendation:

2.11

Sell

Strong Buy

Available Measures

Reference Information - Earnings Per Share

Last Actual (FY0): 8.20
FY0 End Date: 12/1/18
Ind. Annual Div: 2.48
Hist (5 Yr) Growth %: -0.07
Yield (%): 3.16

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 8.92 9.34 8.05 9.02 11 1 8 -6.38
Annual 12/1/20 7.89 8.36 7.50 7.90 18 -- 18 -7.67
Annual 12/1/19 7.11 7.21 7.00 7.11 18 -- 18 -6.79
Quarterly 3/1/20 1.90 2.01 1.79 1.93 5 -- 4 -7.05
Quarterly 6/1/20 2.16 2.27 2.04 2.17 5 -- 5 -5.37
Quarterly 9/1/20 2.21 2.32 2.10 2.23 5 -- 4 -6.10
Quarterly 12/1/19 1.41 1.50 1.31 1.40 17 -- 17 -24.61
Long Term Growth 4.36 4.52 4.20 4.36 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 48.93 51.81 41.57 50.68 5 1 3 -2.35
Annual 12/1/20 46.15 48.89 41.57 47.18 5 1 3 -1.64
Annual 12/1/19 43.77 45.14 42.06 43.93 4 1 3 -1.83
Quarterly 12/1/19 44.42 44.42 44.42 44.42 1 -- 1 -1.17

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 12.88 14.58 11.34 12.65 6 -- 4 -7.29
Annual 12/1/20 11.33 12.76 8.92 11.75 7 1 5 -5.93
Annual 12/1/19 10.54 11.83 7.62 10.77 7 2 4 -2.24
Quarterly 3/1/20 2.49 2.49 2.49 2.49 1 -- 1 -14.62
Quarterly 6/1/20 3.41 3.41 3.41 3.41 1 -- 1 -3.07
Quarterly 9/1/20 3.51 3.51 3.51 3.51 1 -- 1 -1.61
Quarterly 12/1/19 2.51 4.96 -- 2.57 3 1 1 -24.67

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 2.94 3.17 2.60 3.00 10 2 -- 3.42
Annual 12/1/20 2.65 2.84 2.23 2.70 14 2 2 1.33
Annual 12/1/19 2.41 2.53 2.01 2.48 14 2 2 0.61
Quarterly 3/1/20 0.67 0.68 0.65 0.67 3 -- -- 1.20
Quarterly 6/1/20 0.67 0.68 0.65 0.67 3 -- -- 1.09
Quarterly 9/1/20 0.67 0.68 0.65 0.67 3 -- -- 1.13
Quarterly 12/1/19 0.62 0.62 0.62 0.62 3 -- -- -0.48

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 1,563.26 1,654.00 1,478.00 1,562.00 11 -- 9 -5.52
Annual 12/1/20 1,477.57 1,514.00 1,404.40 1,483.71 16 -- 16 -7.05
Annual 12/1/19 1,382.39 1,402.00 1,295.00 1,394.00 15 -- 15 -7.06
Quarterly 3/1/20 371.50 376.00 367.00 371.50 2 -- 2 -3.36
Quarterly 6/1/20 405.00 407.00 403.00 405.00 2 -- 2 -3.23
Quarterly 9/1/20 396.00 401.00 391.00 396.00 2 -- 2 -4.70
Quarterly 12/1/19 281.85 290.00 264.60 284.00 10 -- 10 -20.97

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 2,193.99 2,274.00 2,120.00 2,187.15 10 -- 8 -4.75
Annual 12/1/20 2,103.45 2,139.00 2,061.00 2,102.60 16 -- 16 -5.47
Annual 12/1/19 2,009.86 2,024.00 1,997.00 2,010.50 16 -- 16 -4.71
Quarterly 3/1/20 513.08 531.00 492.00 514.65 4 -- 4 -5.73
Quarterly 6/1/20 552.02 562.00 530.00 558.04 4 -- 4 -4.60
Quarterly 9/1/20 560.31 571.00 546.00 562.13 4 -- 4 -4.53
Quarterly 12/1/19 437.36 446.86 428.00 438.00 11 -- 11 -14.66

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 8.46 8.94 7.94 8.48 4 -- 3 -7.74
Annual 12/1/20 7.74 8.05 7.15 7.90 9 -- 9 -6.42
Annual 12/1/19 6.91 7.10 6.70 7.00 5 -- 5 -5.22
Quarterly 12/1/19 1.40 1.45 1.25 1.41 7 -- 7 -22.75

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 5,208.56 5,672.00 4,872.00 5,215.90 6 2 2 5.13
Annual 12/1/20 5,387.93 5,654.00 5,061.29 5,347.43 8 2 3 0.98
Annual 12/1/19 5,713.87 6,006.00 5,508.00 5,688.75 8 3 3 7.80
Quarterly 12/1/19 5,756.44 5,813.87 5,699.00 5,756.44 2 -- 1 0.93

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 1,124.72 1,181.00 1,063.00 1,125.01 9 -- 7 -6.45
Annual 12/1/20 1,052.96 1,078.97 1,001.00 1,061.00 15 -- 15 -7.53
Annual 12/1/19 982.25 995.00 960.00 984.00 15 -- 15 -7.15
Quarterly 3/1/20 263.00 263.00 263.00 263.00 1 -- 1 -5.34
Quarterly 6/1/20 297.00 297.00 297.00 297.00 1 -- -- -3.01
Quarterly 9/1/20 284.00 284.00 284.00 284.00 1 -- 1 -6.42
Quarterly 12/1/19 192.62 198.00 185.00 192.00 9 -- 9 -24.35

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 17.20 18.19 15.90 17.36 4 -- -- -6.53
Annual 12/1/20 14.47 17.21 4.20 16.40 6 -- -- -9.36
Annual 12/1/19 14.62 16.81 4.10 16.57 7 -- -- -7.70
Quarterly 12/1/19 13.04 13.04 13.04 13.04 1 -- -- -25.49

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 -- --
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 9,797.20 10,233.00 9,494.76 9,794.30 10 -- 8 -3.28
Annual 12/1/20 9,505.39 9,787.00 9,312.63 9,482.80 16 -- 16 -3.21
Annual 12/1/19 9,292.57 9,431.00 9,173.59 9,293.70 16 -- 16 -2.05
Quarterly 3/1/20 2,419.34 2,425.00 2,415.00 2,418.02 3 -- 2 -1.92
Quarterly 6/1/20 2,406.23 2,410.00 2,400.68 2,408.00 3 -- 2 -1.74
Quarterly 9/1/20 2,375.25 2,389.00 2,361.74 2,375.00 3 -- 2 -3.06
Quarterly 12/1/19 2,218.20 2,298.28 2,105.59 2,225.70 12 -- 11 -5.02

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

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