Parker-Hannifin Earnings Preview: What‘s the updated mid-term guide going to be?

研报英文原文证据摘录

Parker-Hannifin Earnings Preview: What‘s the updated mid-term guide going to be?

16 July 2026

Varun Govindaraj

+1 917 344 8543

U.S. Multi Industry & Electrical Equipment varun.govindaraj@bernsteinsg.com

Parker-Hannifin Corporation Specialist Sales

Steve Song

Rating +1 917 344 8401

Outperform steve.song@bernsteinsg.com

Price Target

PH 1,037.00 USD (1,026.00 OLD)

Parker-Hannifin Earnings Preview: What's the updated mid-term

guide going to be?

We cover two topics in this earnings preview for Parker-Hannifin.

Close Date 14 Jul 2026

First, there are the numbers going into 4Q26. Parker has guided organic growth at PH Close Price (USD) 964.55

5.5% for the year (organic is 4% for the Q), with operating margins of ~27.4%, and EPS at Price Target (USD) 1,037.00

$8.16. Based on VA, organic growth for 4Q is closer to 4.5%, revenues are around $5.6B Upside/(Downside) 8%

and operating profit is ~27.4% in line with guidance with and EPS of $8.27. We come out at 52-Week Range 1,034.96/692.02

organic closer to ~6%, revenue closer to $5.65B, operating margins around 27.4% and EPS SPX 7,572.40

around $8.39. This is largely driven by us modelling higher growth in short-cycle for Parker FYE Jun

(closer to nominal GDP) which shows up as higher growth rate on diversified industrials Div Yield 0.8%

(currently LSD based on VA consensus). We believe organic growth guidance of 2.5% for Market Cap (USD) (M) 121,617

diversified industrials was released before the market definitevely accepted a short-cycle EV (USD) (M) 130,731

recovery was playing out and as a result is relatively conservative. Our sense is that the buy- Performance YTD 1M 6M 12M

side also expects organic numbers on the diversified industrials portion of the business Absolute (%) 9.7 5.0 2.1 36.1