Earnings

Understanding the Earnings Potential of JCI and ETN: An Investor's Guide

Published October 1, 2024

Investors aiming to identify stocks poised for positive earnings surprises may find an invaluable tool in the Zacks Earnings ESP (Expected Surprise Prediction). This metric offers a leading indicator for earnings beats. Currently at the forefront are two stocks within the industrial products sector that merit particular attention due to their potential to outperform earnings estimates: JCI, Johnson Controls International plc, and ETN, Eaton Corporation plc.

Johnson Controls International plc JCI

JCI boasts a distinguished global presence as an Irish-domiciled conglomerate with operational headquarters in Cork, Ireland. JCI specializes in manufacturing sophisticated fire, HVAC, and security systems for buildings. Given its significant market share and robust product lineup, JCI demonstrates solid earnings potential for investors. Its strategic initiatives and global reach suggest that it may deliver an earnings surprise in the upcoming quarter.

Eaton Corporation plc ETN

Eaton Corporation plc ETN, with corporate origins in the US, now operates as an Irish-domiciled entity with a headquarters in Dublin, Ireland, and another operational hub in Beachwood, Ohio. Recording sizeable 2020 sales figures of $17.86 billion USD, ETN is a powerhouse in the power management sector. ETN's continuous commitment to innovation in electrical controls, power distribution, and backup systems places it in a promising position to surpass earnings expectations, hinting at a potentially lucrative opportunity for stakeholders to consider adding ETN to their portfolio.

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