Shares of electronic equipment manufacturer Parker-Hannifin (PH) soared 11% Thursday after the electronic equipment manufacturer reported strong quarterly results.

Parker-Hannifin's (PH) fiscal fourth-quarter sales increase 1.8% year over year, driven by the impressive performance of the Aerospace Systems segment.

The headline numbers for Parker-Hannifin (PH) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Parker-Hannifin (PH) came out with quarterly earnings of $6.77 per share, beating the Zacks Consensus Estimate of $6.23 per share. This compares to earnings of $6.08 per share a year ago.

Tech supplier Parker Hannifin crushed estimates for the fiscal fourth quarter, and shares are soaring.

Strong Fourth Quarter Caps Record Year; Guidance and FY29 Targets Point to Bright Future Strong Fourth Quarter Caps Record Year; Guidance and FY29 Targets Point to Bright Future

Parker-Hannifin's (PH) fiscal Q4 results are likely to gain from strength in commercial and military end markets. Weakness in off-highway and transportation end markets is likely to have been a woe.

This marks the last peak week of the Q2 earnings season with 3,908 companies expected to report. Earnings have come in better-than-expected, but tend to be overshadowed by economic data. Outlier earnings this week include: CSX, CAT, and VFC.

Besides Wall Street's top -and-bottom-line estimates for Parker-Hannifin (PH), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.

NextEra Energy is targeting 10% annual dividend growth. Parker-Hannifin is a multi-bagger stock with an impeccable dividend track record.

Parker-Hannifin (PH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CLEVELAND, July 31, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it will release its fiscal 2024 fourth quarter and full year earnings before the market opens on Thursday, August 8, 2024, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2024 fourth quarter and full year results and respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously on Parker's investor information website at  investors.parker.com  with an accompanying slide presentation. The webcast will be archived on the site and available for replay later that day.