Earnings Estimates

Analyst Ratings

Mean Recommendation:

1.57

Sell

Strong Buy

Reference Information - EPS

Last Actual (FY0): 7.91
FY0 End Date: 1/1/18
Ind. Annual Div: 1.60
Hist (5 Yr) Growth %: 12.14
Hist (5 Yr) Stability %: 41.00
Yield (%): 1.50

Analyst Forecasts - EPS

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 1/1/21 11.77 12.24 11.25 11.82 3 1 1 -1.59
Annual 1/1/20 9.45 10.12 8.24 9.71 7 1 4 -2.79
Annual 1/1/19 7.95 8.29 7.76 7.80 6 1 4 -4.37
Quarterly 1/1/19 2.21 2.63 2.00 2.16 6 -- 6 -19.44
Quarterly 4/1/19 1.72 1.92 1.46 1.75 4 1 3 --
Quarterly 7/1/19 0.97 1.18 0.52 1.09 4 2 2 --
Quarterly 10/1/19 3.59 3.94 3.10 3.67 4 2 1 --
Long Term Growth 15.40 15.40 15.40 15.40 1 -- 1 --

Actuals - EPS

Reported EPS Mean Estimate Surprise % Change
Annual 1/1/18 7.91 7.88 0.42
Annual 1/1/17 5.43 5.16 5.21
Annual 1/1/16 3.60 3.53 1.94
Quarterly 10/1/18 3.07 3.07 0.15
Quarterly 7/1/18 0.70 0.59 19.61
Quarterly 4/1/18 1.87 2.21 -15.41
Quarterly 1/1/18 2.52 2.49 1.07

Reference Information - Book Value Per Share

Last Actual (FY0): 27.52
FY0 End Date: 1/1/18
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 1/1/20 37.57 37.57 37.57 37.57 1 -- 1 --
Annual 1/1/19 36.64 36.64 36.64 36.64 1 1 -- --
Quarterly 1/1/19 37.79 37.79 37.79 37.79 1 1 -- --

Actuals - Book Value Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 1/1/18 27.52 -- --
Annual 1/1/17 27.40 -- --
Annual 1/1/16 27.15 -- --
Quarterly 10/1/18 21.13 -- --
Quarterly 7/1/18 19.65 -- --
Quarterly 4/1/18 20.84 -- --
Quarterly 1/1/18 27.52 -- --

Reference Information - Cash Flow Per Share

Last Actual (FY0): 11.81
FY0 End Date: 1/1/18
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 1/1/20 14.84 14.84 14.84 14.84 1 -- 1 --
Annual 1/1/19 14.18 14.18 14.18 14.18 1 -- 1 --
Quarterly 1/1/19 5.37 5.37 5.37 5.37 1 -- 1 --
Quarterly 4/1/19 -1.91 -1.91 -1.91 -1.91 1 -- 1 --
Quarterly 7/1/19 1.12 1.12 1.12 1.12 1 -- 1 --
Quarterly 10/1/19 7.62 7.62 7.62 7.62 1 -- -- --

Actuals - Cash Flow Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 1/1/18 11.81 14.38 -17.87
Annual 1/1/17 10.51 11.93 -11.89
Annual 1/1/16 8.82 5.42 62.88
Quarterly 10/1/18 4.37 5.85 -25.30
Quarterly 7/1/18 1.44 0.62 132.26
Quarterly 4/1/18 -0.72 -1.92 62.50
Quarterly 1/1/18 4.86 6.01 -19.13

Reference Information - Dividend Per Share

Last Actual (FY0): 1.60
FY0 End Date: 1/1/18
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 1/1/21 2.08 2.16 2.00 2.08 2 -- -- --
Annual 1/1/20 2.17 2.40 2.00 2.14 4 -- 1 --
Annual 1/1/19 2.00 2.00 2.00 2.00 4 3 -- 8.40
Quarterly 1/1/19 0.50 0.50 0.50 0.50 2 1 -- --
Quarterly 4/1/19 0.50 0.50 0.50 0.50 1 1 -- --
Quarterly 7/1/19 0.50 0.50 0.50 0.50 1 1 -- --
Quarterly 10/1/19 0.50 0.50 0.50 0.50 1 1 -- --

Actuals - Dividend Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 1/1/18 1.60 -- --
Annual 1/1/17 0.80 -- --
Annual 1/1/16 0.60 -- --
Quarterly 10/1/18 0.50 -- --
Quarterly 7/1/18 0.50 -- --
Quarterly 4/1/18 0.50 -- --
Quarterly 1/1/18 0.40 -- --

Reference Information - EBIT

Last Actual (FY0): 178.88
FY0 End Date: 1/1/18
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 1/1/21 216.24 247.59 176.71 224.43 3 -- 2 --
Annual 1/1/20 186.41 207.84 167.50 193.00 5 -- 5 -6.67
Annual 1/1/19 151.77 152.90 149.16 152.20 5 -- 5 -10.27
Quarterly 1/1/19 45.48 46.50 43.19 45.95 5 -- 5 -28.04
Quarterly 4/1/19 28.29 37.50 19.08 28.29 2 -- 2 --
Quarterly 7/1/19 13.93 17.77 10.09 13.93 2 -- 2 --
Quarterly 10/1/19 70.29 74.10 66.47 70.29 2 -- 1 --

Actuals - EBIT

Reported EPS Mean Estimate Surprise % Change
Annual 1/1/18 178.88 -- --
Annual 1/1/17 151.68 -- --
Annual 1/1/16 110.83 -- --
Quarterly 10/1/18 65.54 -- --
Quarterly 7/1/18 15.72 -- --
Quarterly 4/1/18 25.37 -- --
Quarterly 1/1/18 57.02 -- --

Reference Information - EBITDA

Last Actual (FY0): 247.03
FY0 End Date: 1/1/18
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 1/1/21 280.13 280.13 280.13 280.13 1 -- 1 --
Annual 1/1/20 254.14 280.10 229.98 253.25 4 -- 4 -7.07
Annual 1/1/19 221.73 234.00 214.28 219.31 4 -- 4 -8.08
Quarterly 1/1/19 65.20 76.20 60.24 62.19 4 -- 3 -21.62
Quarterly 4/1/19 45.36 56.02 34.70 45.36 2 -- 2 --
Quarterly 7/1/19 30.27 34.82 25.71 30.27 2 -- 2 --
Quarterly 10/1/19 87.14 89.72 84.55 87.14 2 -- 1 --

Actuals - EBITDA

Reported EPS Mean Estimate Surprise % Change
Annual 1/1/18 247.03 -- --
Annual 1/1/17 217.42 -- --
Annual 1/1/16 173.51 -- --
Quarterly 10/1/18 82.39 -- --
Quarterly 7/1/18 32.31 -- --
Quarterly 4/1/18 42.78 -- --
Quarterly 1/1/18 76.72 -- --

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 4.67
FY0 End Date: 1/1/18
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 1/1/21 11.66 12.07 11.25 11.66 2 -- 1 --
Annual 1/1/20 9.15 10.02 8.24 9.17 4 -- 3 -6.53
Annual 1/1/19 7.68 8.24 7.37 7.44 3 -- 2 --
Quarterly 1/1/19 2.26 2.75 2.00 2.15 4 -- 3 -16.69
Quarterly 4/1/19 1.76 2.00 1.46 1.81 3 -- 2 --
Quarterly 7/1/19 0.77 1.16 0.52 0.64 3 -- 2 --
Quarterly 10/1/19 3.53 3.85 3.10 3.65 3 1 -- --

Actuals - GAAP Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 1/1/18 4.67 -- --
Annual 1/1/17 5.40 -- --
Annual 1/1/16 2.80 -- --
Quarterly 10/1/18 3.03 -- --
Quarterly 7/1/18 0.45 -- --
Quarterly 4/1/18 1.78 -- --
Quarterly 1/1/18 -0.57 -- --

Reference Information - Net Debt

Last Actual (FY0): -238.06
FY0 End Date: 1/1/18
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 1/1/21 -67.00 -67.00 -67.00 -67.00 1 -- -- --
Annual 1/1/20 -324.00 -324.00 -324.00 -324.00 1 1 -- --
Annual 1/1/19 -326.00 -326.00 -326.00 -326.00 1 1 -- --
Quarterly 1/1/19 -326.00 -326.00 -326.00 -326.00 1 1 -- --
Quarterly 4/1/19 -39.00 -39.00 -39.00 -39.00 1 -- -- --
Quarterly 7/1/19 -7.00 -7.00 -7.00 -7.00 1 -- -- --
Quarterly 10/1/19 5.00 5.00 5.00 5.00 1 -- -- --

Actuals - Net Debt

Reported EPS Mean Estimate Surprise % Change
Annual 1/1/18 -238.06 -308.00 22.71
Annual 1/1/17 -227.63 -247.85 8.16
Annual 1/1/16 -227.63 -198.34 -14.77
Quarterly 10/1/18 -27.95 -274.00 89.80
Quarterly 7/1/18 -17.07 -218.00 92.17
Quarterly 4/1/18 -43.32 -209.00 79.27
Quarterly 1/1/18 -238.06 -308.00 22.71

Reference Information - Net Income

Last Actual (FY0): 143.54
FY0 End Date: 1/1/18
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 1/1/21 182.50 193.41 171.59 182.50 2 -- 1 --
Annual 1/1/20 145.82 163.05 129.90 145.20 5 -- 5 -8.32
Annual 1/1/19 130.18 131.27 127.58 131.00 5 -- 5 -7.74
Quarterly 1/1/19 34.72 35.75 32.71 35.00 5 -- 5 -27.72
Quarterly 4/1/19 25.88 29.08 22.69 25.88 2 -- 2 --
Quarterly 7/1/19 13.15 18.43 7.87 13.15 2 -- 2 --
Quarterly 10/1/19 52.10 55.59 48.62 52.10 2 -- 1 --

Actuals - Net Income

Reported EPS Mean Estimate Surprise % Change
Annual 1/1/18 143.54 -- --
Annual 1/1/17 103.02 -- --
Annual 1/1/16 74.59 -- --
Quarterly 10/1/18 50.65 -- --
Quarterly 7/1/18 11.67 -- --
Quarterly 4/1/18 33.20 -- --
Quarterly 1/1/18 45.29 -- --

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 1/1/21 -- -- -- -- -- -- -- --
Annual 1/1/20 -- -- -- -- -- -- -- --
Annual 1/1/19 -- -- -- -- -- -- -- --
Quarterly 1/1/19 -- -- -- -- -- -- -- --
Quarterly 4/1/19 -- -- -- -- -- -- -- --
Quarterly 7/1/19 -- -- -- -- -- -- -- --
Quarterly 10/1/19 -- -- -- -- -- -- -- --

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): 29.60
FY0 End Date: 1/1/18
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 1/1/21 59.90 59.90 59.90 59.90 1 -- -- --
Annual 1/1/20 39.90 39.90 39.90 39.90 1 -- -- --
Annual 1/1/19 30.99 30.99 30.99 30.99 1 -- 1 --
Quarterly 1/1/19 12.20 12.20 12.20 12.20 1 -- -- --
Quarterly 4/1/19 57.10 57.10 57.10 57.10 1 -- -- --
Quarterly 7/1/19 6.50 6.50 6.50 6.50 1 -- -- --
Quarterly 10/1/19 91.20 91.20 91.20 91.20 1 -- -- --

Actuals - Return On Equity

Reported EPS Mean Estimate Surprise % Change
Annual 1/1/18 29.60 -- --
Annual 1/1/17 20.11 -- --
Annual 1/1/16 13.36 -- --
Quarterly 4/1/18 8.13 -- --
Quarterly 1/1/18 9.20 -- --

Reference Information - Sales

Last Actual (FY0): 1,870.28
FY0 End Date: 1/1/18
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 1/1/21 2,313.45 2,457.69 2,169.21 2,313.45 2 1 -- --
Annual 1/1/20 2,021.99 2,048.86 1,984.93 2,036.26 5 1 4 -0.89
Annual 1/1/19 1,963.60 1,977.49 1,959.00 1,960.82 5 3 2 0.05
Quarterly 1/1/19 555.98 569.97 551.00 553.29 5 -- 5 -1.88
Quarterly 4/1/19 452.47 460.00 446.00 451.42 3 -- 2 --
Quarterly 7/1/19 464.48 481.90 451.79 459.76 3 1 1 --
Quarterly 10/1/19 530.86 543.56 523.90 525.12 3 1 -- --

Actuals - Sales

Reported EPS Mean Estimate Surprise % Change
Annual 1/1/18 1,870.28 1,874.26 -0.21
Annual 1/1/17 1,785.32 1,787.07 -0.10
Annual 1/1/16 1,725.78 1,724.79 0.06
Quarterly 10/1/18 522.50 511.19 2.21
Quarterly 7/1/18 448.72 427.89 4.87
Quarterly 4/1/18 436.31 444.01 -1.73
Quarterly 1/1/18 569.97 573.97 -0.70

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