Emerson Electric Co

EMR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$377.00	Cdvz	Xhhfjllc

Emerson Earnings: Full-Year Outlook Raised Thanks to Strength in Process and Hybrid

Krzysztof Smalec

Feb 7, 2024

Wide-moat-rated Emerson posted solid fiscal first-quarter results, as its revenue of $4.1 billion and adjusted EPS of $1.22 both easily beat the FactSet consensus estimates of $3.9 billion and $1.04, respectively. We’ve raised our fair value estimate to $113 from $109, which reflects our slightly more optimistic near-term revenue growth and incremental margin projections as well as time value of money.

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