Earnings Estimates

Earnings Estimates

Analyst Ratings

Mean Recommendation:

2.46

Sell

Strong Buy

Available Measures

Reference Information - Earnings Per Share

Last Actual (FY0): 5.41
FY0 End Date: 12/1/18
Ind. Annual Div: 1.66
Hist (5 Yr) Growth %: 10.37
Hist (5 Yr) Stability %: 6.30
Yield (%): 1.17

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 6.57 6.57 6.57 6.57 1 1 -- 1.52
Annual 12/1/20 6.15 6.27 5.99 6.15 13 3 3 -0.22
Annual 12/1/19 5.73 5.80 5.65 5.75 13 3 7 -0.66
Quarterly 3/1/19 1.37 1.42 1.34 1.37 13 2 6 -0.88
Quarterly 6/1/19 1.49 1.50 1.46 1.49 13 2 7 -0.39
Quarterly 9/1/19 1.46 1.48 1.43 1.46 13 2 6 -1.03
Quarterly 12/1/19 1.42 1.46 1.39 1.42 13 1 6 -1.48
Long Term Growth 13.00 13.00 13.00 13.00 1 -- -- --

Actuals - Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 5.41 5.37 0.81
Annual 12/1/17 4.31 4.27 0.98
Annual 12/1/16 3.75 3.73 0.57
Quarterly 12/1/18 1.31 1.27 3.27
Quarterly 9/1/18 1.41 1.31 7.63
Quarterly 6/1/18 1.40 1.31 6.74
Quarterly 3/1/18 1.29 1.24 4.16

Reference Information - Book Value Per Share

Last Actual (FY0): 25.98
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Book Value Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/20 36.03 36.03 36.03 36.03 1 -- 1 -0.57
Annual 12/1/19 30.65 30.65 30.65 30.65 1 -- 1 -3.46
Quarterly 3/1/19 28.74 28.74 28.74 28.74 1 -- -- --
Quarterly 6/1/19 29.64 29.64 29.64 29.64 1 -- -- --
Quarterly 9/1/19 30.36 30.36 30.36 30.36 1 -- -- --
Quarterly 12/1/19 31.10 31.10 31.10 31.10 1 -- -- --

Actuals - Book Value Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 25.98 -- --
Annual 12/1/17 24.61 -- --
Annual 12/1/16 20.24 -- --
Quarterly 12/1/18 25.98 -- --
Quarterly 9/1/18 22.86 -- --
Quarterly 6/1/18 25.87 -- --
Quarterly 3/1/18 26.33 -- --

Reference Information - Cash Flow Per Share

Last Actual (FY0): 6.18
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Cash Flow Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/20 5.32 5.32 5.32 5.32 1 1 -- -16.07
Annual 12/1/19 4.75 4.75 4.75 4.75 1 1 -- -21.37
Quarterly 3/1/19 0.68 0.68 0.68 0.68 1 -- 1 -95.59
Quarterly 6/1/19 1.43 1.43 1.43 1.43 1 1 -- -1.40
Quarterly 9/1/19 1.42 1.42 1.42 1.42 1 1 -- -4.93
Quarterly 12/1/19 1.23 1.23 1.23 1.23 1 -- 1 -0.81

Actuals - Cash Flow Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 6.18 3.13 97.44
Annual 12/1/17 5.60 5.42 3.32
Quarterly 12/1/18 1.99 1.64 21.34
Quarterly 9/1/18 1.71 1.61 6.54
Quarterly 6/1/18 1.55 1.62 -4.02
Quarterly 3/1/18 0.92 1.14 -19.30

Reference Information - Dividend Per Share

Last Actual (FY0): 1.66
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Dividend Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 1.72 1.72 1.72 1.72 1 1 -- --
Annual 12/1/20 1.84 1.96 1.72 1.85 5 -- -- 0.94
Annual 12/1/19 1.79 1.85 1.72 1.78 5 1 -- 0.34
Quarterly 3/1/19 0.44 0.46 0.43 0.43 4 -- -- -5.14
Quarterly 6/1/19 0.45 0.47 0.43 0.46 4 -- -- -1.66
Quarterly 9/1/19 0.45 0.47 0.43 0.46 4 -- -- -1.66
Quarterly 12/1/19 0.45 0.47 0.43 0.46 4 -- -- -1.66

Actuals - Dividend Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 1.66 -- --
Annual 12/1/17 1.45 -- --
Annual 12/1/16 1.34 -- --
Quarterly 12/1/18 0.43 -- --
Quarterly 9/1/18 0.43 -- --
Quarterly 6/1/18 0.43 -- --

Reference Information - EBIT

Last Actual (FY0): 581.17
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - EBIT

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 682.40 682.40 682.40 682.40 1 1 -- 0.97
Annual 12/1/20 655.69 737.40 636.00 647.88 11 2 5 -1.33
Annual 12/1/19 613.59 629.03 609.00 613.00 11 2 8 -1.15
Quarterly 3/1/19 146.92 149.61 144.32 147.00 11 1 5 -1.20
Quarterly 6/1/19 158.69 161.56 156.00 158.80 11 -- 5 -1.30
Quarterly 9/1/19 155.24 157.10 152.90 155.73 11 -- 5 -1.74
Quarterly 12/1/19 152.62 162.14 149.80 151.50 11 1 5 -2.16

Actuals - EBIT

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 581.17 -- --
Annual 12/1/17 501.74 -- --
Annual 12/1/16 435.33 -- --
Quarterly 12/1/18 143.27 -- --
Quarterly 9/1/18 149.75 -- --
Quarterly 6/1/18 149.82 -- --
Quarterly 3/1/18 138.33 -- --

Reference Information - EBITDA

Last Actual (FY0): 658.72
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - EBITDA

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 770.10 770.10 770.10 770.10 1 -- 1 -0.62
Annual 12/1/20 731.51 764.60 721.90 729.00 9 -- 5 -2.09
Annual 12/1/19 693.88 724.10 684.70 690.00 9 -- 9 -1.54
Quarterly 3/1/19 167.23 175.00 162.63 167.20 7 1 3 -1.83
Quarterly 6/1/19 178.98 186.30 177.00 178.00 7 -- 4 -1.82
Quarterly 9/1/19 175.97 180.60 172.60 175.42 7 1 3 -1.98
Quarterly 12/1/19 173.10 182.20 169.80 171.60 7 1 3 -3.04

Actuals - EBITDA

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 658.72 -- --
Annual 12/1/17 285.95 -- --
Annual 12/1/16 530.55 -- --
Quarterly 12/1/18 161.69 -- --
Quarterly 9/1/18 168.36 -- --
Quarterly 6/1/18 159.59 -- --
Quarterly 3/1/18 159.38 -- --

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 5.29
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - GAAP Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 6.57 6.57 6.57 6.57 1 1 -- 1.52
Annual 12/1/20 6.15 6.27 5.99 6.17 10 1 2 -0.35
Annual 12/1/19 5.75 5.82 5.67 5.75 11 1 5 -0.52
Quarterly 3/1/19 1.36 1.42 1.34 1.36 11 -- 4 -0.99
Quarterly 6/1/19 1.49 1.50 1.46 1.48 11 -- 4 -0.41
Quarterly 9/1/19 1.47 1.53 1.44 1.47 11 1 2 -0.12
Quarterly 12/1/19 1.43 1.45 1.40 1.43 11 -- 4 -1.07

Actuals - GAAP Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 5.29 -- --
Annual 12/1/17 4.36 -- --
Annual 12/1/16 3.53 -- --
Quarterly 12/1/18 1.27 -- --
Quarterly 9/1/18 1.37 -- --
Quarterly 6/1/18 1.38 -- --
Quarterly 3/1/18 1.27 -- --

Reference Information - Net Debt

Last Actual (FY0): 382.41
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Net Debt

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 -57.88 -57.88 -57.88 -57.88 1 -- -- --
Annual 12/1/20 -73.00 187.00 -333.00 -73.00 2 1 -- -473.12
Annual 12/1/19 166.50 290.00 43.00 166.50 2 2 -- 108.10
Quarterly 3/1/19 204.14 204.14 204.14 204.14 1 -- -- --
Quarterly 6/1/19 132.35 132.35 132.35 132.35 1 -- -- --
Quarterly 9/1/19 70.64 70.64 70.64 70.64 1 -- -- --
Quarterly 12/1/19 -20.46 -20.46 -20.46 -20.46 1 -- -- --

Actuals - Net Debt

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 382.41 268.00 42.69
Annual 12/1/17 483.10 489.54 -1.32
Annual 12/1/16 779.32 813.38 -4.19
Quarterly 12/1/18 382.41 272.00 40.59
Quarterly 9/1/18 357.02 351.22 1.65
Quarterly 6/1/18 400.41 402.18 -0.44
Quarterly 3/1/18 447.59 455.85 -1.81

Reference Information - Net Income

Last Actual (FY0): 419.62
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Net Income

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 495.60 495.60 495.60 495.60 1 1 -- 0.93
Annual 12/1/20 469.66 480.10 459.00 468.58 11 2 5 -0.84
Annual 12/1/19 441.26 446.78 436.00 441.14 12 2 9 -1.02
Quarterly 3/1/19 105.17 106.40 103.00 105.60 12 2 5 -1.19
Quarterly 6/1/19 114.42 115.70 112.00 114.82 12 1 6 -0.89
Quarterly 9/1/19 111.92 114.00 109.90 111.85 12 1 6 -1.19
Quarterly 12/1/19 109.66 115.43 107.00 109.00 12 1 6 -1.89

Actuals - Net Income

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 419.62 -- --
Annual 12/1/17 333.67 -- --
Annual 12/1/16 288.37 -- --
Quarterly 12/1/18 100.94 -- --
Quarterly 9/1/18 109.84 -- --
Quarterly 6/1/18 108.62 -- --
Quarterly 3/1/18 100.22 -- --

Reference Information - Operating Profit

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Operating Profit

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 -- -- -- -- -- -- -- --
Annual 12/1/20 -- -- -- -- -- -- -- --
Annual 12/1/19 -- -- -- -- -- -- -- --
Quarterly 3/1/19 -- -- -- -- -- -- -- --
Quarterly 6/1/19 -- -- -- -- -- -- -- --
Quarterly 9/1/19 -- -- -- -- -- -- -- --
Quarterly 12/1/19 -- -- -- -- -- -- -- --

Actuals - Operating Profit

Reported EPS Mean Estimate Surprise % Change
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --

Reference Information - Return On Equity

Last Actual (FY0): 21.63
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Return On Equity

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/20 18.80 18.80 18.80 18.80 1 1 -- 1.52
Annual 12/1/19 20.45 20.60 20.30 20.45 2 1 -- 4.03
Quarterly 3/1/19 20.04 20.04 20.04 20.04 1 -- -- --
Quarterly 6/1/19 21.50 21.50 21.50 21.50 1 -- -- --
Quarterly 9/1/19 20.70 20.70 20.70 20.70 1 -- -- --
Quarterly 12/1/19 19.64 19.64 19.64 19.64 1 -- -- --

Actuals - Return On Equity

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 21.63 -- --
Annual 12/1/17 17.69 -- --
Annual 12/1/16 19.31 -- --
Quarterly 9/1/18 21.70 -- --
Quarterly 6/1/18 21.69 -- --
Quarterly 3/1/18 20.54 -- --

Reference Information - Sales

Last Actual (FY0): 2,483.67
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Sales

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 2,791.80 2,791.80 2,791.80 2,791.80 1 1 -- 2.01
Annual 12/1/20 2,697.85 2,802.00 2,661.00 2,688.80 13 2 6 -0.51
Annual 12/1/19 2,583.07 2,639.00 2,565.40 2,580.00 13 2 11 -0.52
Quarterly 3/1/19 635.29 650.00 629.00 633.90 13 2 5 -0.67
Quarterly 6/1/19 658.80 674.00 651.90 656.70 13 1 6 -0.43
Quarterly 9/1/19 646.94 662.00 637.40 646.60 13 1 6 -0.80
Quarterly 12/1/19 646.16 670.74 635.00 646.20 13 1 7 -1.26

Actuals - Sales

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 2,483.67 2,487.40 -0.15
Annual 12/1/17 2,287.31 2,276.23 0.49
Annual 12/1/16 2,113.04 2,130.15 -0.80
Quarterly 12/1/18 614.09 618.82 -0.76
Quarterly 9/1/18 622.89 613.92 1.46
Quarterly 6/1/18 634.36 623.24 1.78
Quarterly 3/1/18 612.32 601.21 1.85

Copyright Thomson Reuters Corporation