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Investors in Parker-Hannifin Corporation (NYSE:PH) had a good week, as its shares rose 3.5% to close at US$619 following the release of its quarterly results. It looks like a credible result overall - although revenues of US$5.0b were what the analysts expected, Parker-Hannifin surprised by delivering a (statutory) profit of US$7.37 per share, an impressive 28% above what was forecast. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Following the latest results, Parker-Hannifin's 19 analysts are now forecasting revenues of US$20.7b in 2026. This would be a satisfactory 4.6% improvement in revenue compared to the last 12 months. Statutory per share are forecast to be US$26.13, approximately in line with the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$20.8b and earnings per share (EPS) of US$25.77 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
View our latest analysis for Parker-Hannifin
There were no changes to revenue or earnings estimates or the price target of US$705, suggesting that the company has met expectations in its recent result. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Parker-Hannifin, with the most bullish analyst valuing it at US$850 and the most bearish at US$500 per share. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that Parker-Hannifin's revenue growth is expected to slow, with the forecast 3.6% annualised growth rate until the end of 2026 being well below the historical 9.5% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 3.8% annually. Factoring in the forecast slowdown in growth, it looks like Parker-Hannifin is forecast to grow at about the same rate as the wider industry.