How reliable are PH's earnings forecasts historically?

**Parker-Hannifin's (PH) earnings forecasts have shown reliability historically**, as evidenced by the following points: 1. **Consistent Growth**: PH has demonstrated a strong track record of earnings growth. The company's EPS grew by 20% over the past year and by 74% over the latest three-year period. This consistent growth indicates a strong and stable business performance. 2. **Analyst Confidence**: Mizuho Securities, a reputable financial institution, has maintained an "Outperform" rating on PH, with a price target of $715. This suggests that analysts have confidence in PH's future performance, which includes earnings growth. 3. **Earnings Expectations**: The consensus among analysts for the upcoming quarter is that PH will deliver a year-over-year increase in earnings, with an expected EPS of $6.23. This aligns with the company's historical performance and market expectations. 4. **Dividend History**: PH has a history of rewarding shareholders through dividends, with an increase of 10.2% in the first six months of fiscal 2025. This commitment to shareholders can be seen as a positive indicator of the company's financial health and reliability. 5. **Market Position**: PH's strategic shifts towards longer-cycle products and its strong market position in the aerospace, defense, and industrial sectors are expected to contribute to stable and predictable revenue streams. This strategic positioning is likely to support the reliability of its earnings forecasts. In conclusion, PH's historical earnings performance, analyst confidence, and strategic positioning all point to the reliability of its earnings forecasts. Investors can expect the company to continue its trend of earnings growth and maintain its financial health.