Rockwell Automation's Mixed Q4: EPS Beats Amid 21% Sales Drop And Cautious FY25 Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 07 2024
0mins
Source: Benzinga
Fourth Quarter Performance: Rockwell Automation reported a 21% decline in sales year-over-year to $2.036 billion, missing analyst expectations, while adjusted EPS of $2.47 exceeded the consensus of $2.41. The company experienced significant declines in Intelligent Devices and Software & Control segments but saw growth in Lifecycle Services.
FY25 Outlook and Market Conditions: The company anticipates adjusted EPS between $8.60 and $9.80 for FY25, with expected sales growth ranging from -4% to 2%. CEO Blake Moret noted lower-than-expected orders due to softness in end markets and projected a decrease in Q1 sales compared to Q4, followed by gradual improvement throughout the year.
Analyst Views on ROK
Wall Street analysts forecast ROK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ROK is 416.47 USD with a low forecast of 330.00 USD and a high forecast of 470.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
8 Buy
7 Hold
0 Sell
Moderate Buy
Current: 425.320
Low
330.00
Averages
416.47
High
470.00
Current: 425.320
Low
330.00
Averages
416.47
High
470.00
About ROK
Rockwell Automation, Inc. is engaged in industrial automation and digital transformation. The Company operates in three segments: Intelligent Devices, Software & Control, and Lifecycle Services. The Intelligent Devices segment portfolio includes power control, motion control, safety, sensing, and industrial components, and micro control and distributed input/output. The Software & Control operating segment contains a comprehensive portfolio of production automation and production operations platforms, including hardware and software. This integrated portfolio is merging information technology (IT) and operational technology (OT), bringing the benefits of the Connected Enterprise to the production system. The Lifecycle Services segment includes consulting services, including cybersecurity and digital transformation strategy and design and professional services, including global automation and information program and project management and delivery capabilities, and connected services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
