Industrial machinery company Parker-Hannifin (NYSE: PH) will be reporting earnings this Thursday before the bell. Here’s what to expect.
Parker-Hannifin beat analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $5.24 billion, up 1.1% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ revenue estimates but a significant miss of analysts’ adjusted operating income estimates.
Is Parker-Hannifin a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Parker-Hannifin’s revenue to be flat year on year at $4.94 billion, in line with the 1.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $6.62 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Parker-Hannifin has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Parker-Hannifin’s peers in the gas and liquid handling segment, some have already reported their Q3 results, giving us a hint as to what we can expect. SPX Technologies delivered year-on-year revenue growth of 22.6%, beating analysts’ expectations by 2.2%, and Flowserve reported revenues up 3.6%, falling short of estimates by 2.7%. SPX Technologies traded up 12.7% following the results while Flowserve was also up 31.1%.
Read our full analysis of SPX Technologies’s results here and Flowserve’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the gas and liquid handling stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.5% on average over the last month. Parker-Hannifin’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $802.71 (compared to the current share price of $766.80).
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