Is Parker-Hannifin a Buy Before It Reports Earnings Aug. 6?
Parker-Hannifin's shares are up more than 37% so far this year. Will that trend continue after it reports fourth-quarter earnings?
Overview
Parker-Hannifin (NYSE: PH) focuses on motion control, hydraulics, pneumatics, filtration, and aerospace systems, so it is somewhat unique, with no single conglomerate overlapping with 100% of its product portfolio.
The industrial company reports earnings on Aug. 6 and analysts, on average, are expecting earnings per share (EPS) of $8.27 and revenue of $5.57 billion. The stock has consistently beaten analysts' estimates, though. Considering the company's track record, it may make sense to buy the stock before Aug. 6.
Details
Here are three reasons why it might be a good buy-and-hold industrial stock, regardless of what happens with the company's fourth-quarter earnings.
Source
Originally published at www.fool.com.