Emerson Electric Co

EMR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$769.00	Bzsf	Zrhcynxzj

Emerson Earnings: Solid Underlying Sales Growth and Margin Expansion

Krzysztof Smalec

May 8, 2024

Wide-moat-rated Emerson’s fiscal second-quarter revenue of $4.4 billion and adjusted EPS of $1.36 both came in above FactSet consensus estimates of $4.3 billion and $1.25, respectively. We’ve increased our fair value estimate to $115 from $113, driven by our slightly more optimistic near-term margin assumptions and time value of money.

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