Earnings Estimates

Analyst Ratings

Mean Recommendation:

2.64

Sell

Strong Buy

Reference Information - Earnings Per Share

Last Actual (FY0): 2.81
FY0 End Date: 12/1/17
Ind. Annual Div: --
Hist (5 Yr) Growth %: -12.86
Hist (5 Yr) Stability %: 28.67
Yield (%): --

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/20 3.04 3.45 2.78 3.02 10 -- -- -0.06
Annual 12/1/19 2.56 2.80 2.40 2.56 14 1 -- 0.10
Annual 12/1/18 2.13 2.18 2.07 2.13 14 -- -- --
Quarterly 12/1/18 0.96 1.01 0.90 0.96 14 -- -- --
Quarterly 3/1/19 0.30 0.40 0.20 0.31 9 -- -- --
Quarterly 6/1/19 0.44 0.63 0.32 0.46 9 -- -- --
Quarterly 9/1/19 0.74 0.82 0.66 0.75 9 -- -- --
Long Term Growth -1.70 1.10 -6.40 0.20 3 2 1 --

Actuals - Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 2.81 2.73 2.99
Annual 12/1/16 2.95 2.82 4.50
Annual 12/1/15 3.20 3.15 1.70
Quarterly 9/1/18 0.62 0.55 13.17
Quarterly 6/1/18 0.37 0.25 49.94
Quarterly 3/1/18 0.18 0.13 39.47
Quarterly 12/1/17 1.02 0.93 9.82

Reference Information - Book Value Per Share

Last Actual (FY0): 40.06
FY0 End Date: 12/1/17
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 12/1/20 41.94 44.70 40.50 40.61 3 -- 3 -5.06
Annual 12/1/19 40.60 42.76 38.39 40.63 4 -- 3 -3.94
Annual 12/1/18 39.51 41.09 38.03 39.47 4 -- 3 -1.48
Quarterly 12/1/18 39.53 39.53 39.53 39.53 1 -- 1 --
Quarterly 3/1/19 39.15 39.15 39.15 39.15 1 -- 1 --
Quarterly 6/1/19 38.66 38.66 38.66 38.66 1 -- 1 --
Quarterly 9/1/19 38.60 38.60 38.60 38.60 1 -- 1 --

Actuals - Book Value Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 40.06 -- --
Annual 12/1/16 44.10 -- --
Annual 12/1/15 43.01 -- --
Quarterly 9/1/18 39.03 -- --
Quarterly 6/1/18 39.02 -- --
Quarterly 3/1/18 39.36 -- --
Quarterly 12/1/17 40.06 -- --

Reference Information - Cash Flow Per Share

Last Actual (FY0): 8.86
FY0 End Date: 12/1/17
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 12/1/20 7.23 7.41 7.05 7.23 2 1 1 -1.80
Annual 12/1/19 7.30 8.49 5.89 7.41 4 3 1 3.16
Annual 12/1/18 7.11 7.77 6.27 7.28 3 1 2 -7.26
Quarterly 12/1/18 2.25 2.49 2.00 2.25 2 -- -- --
Quarterly 3/1/19 2.85 4.37 1.33 2.85 2 -- 1 --
Quarterly 6/1/19 1.57 1.75 1.38 1.57 2 1 1 --
Quarterly 9/1/19 1.75 1.75 1.75 1.75 1 1 -- --

Actuals - Cash Flow Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 8.86 7.72 14.74
Annual 12/1/16 8.59 9.77 -12.08
Annual 12/1/15 6.53 7.06 -7.55
Quarterly 9/1/18 0.69 1.73 -60.13
Quarterly 6/1/18 3.08 1.84 67.24
Quarterly 3/1/18 1.02 1.62 -37.04
Quarterly 12/1/17 4.24 2.65 59.92

Reference Information - Dividend Per Share

Last Actual (FY0): --
FY0 End Date: 12/1/17
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 12/1/20 -- -- -- -- 4 -- -- --
Annual 12/1/19 -- -- -- -- 6 -- -- --
Annual 12/1/18 -- -- -- -- 6 -- -- --
Quarterly 12/1/18 -- -- -- -- 1 -- -- --
Quarterly 3/1/19 -- -- -- -- 1 -- -- --
Quarterly 6/1/19 -- -- -- -- 1 -- -- --
Quarterly 9/1/19 -- -- -- -- 1 -- -- --

Actuals - Dividend Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 -- -- --
Annual 12/1/16 -- -- --
Annual 12/1/15 -- -- --
Quarterly 9/1/18 -- -- --
Quarterly 6/1/18 -- -- --
Quarterly 3/1/18 -- -- --
Quarterly 12/1/17 -- -- --

Reference Information - EBIT

Last Actual (FY0): 321.30
FY0 End Date: 12/1/17
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 12/1/20 323.65 336.10 309.00 322.92 8 -- -- --
Annual 12/1/19 296.21 315.00 279.88 295.00 11 -- -- --
Annual 12/1/18 266.76 289.00 258.59 264.80 12 -- -- --
Quarterly 12/1/18 97.21 100.00 93.80 98.00 9 -- -- --
Quarterly 3/1/19 48.29 51.10 42.50 50.05 5 -- -- --
Quarterly 6/1/19 57.62 63.61 50.70 57.10 5 -- -- --
Quarterly 9/1/19 81.44 84.88 77.40 80.22 5 -- -- --

Actuals - EBIT

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 321.30 -- --
Annual 12/1/16 335.06 -- --
Annual 12/1/15 255.90 -- --
Quarterly 9/1/18 69.60 -- --
Quarterly 6/1/18 54.60 -- --
Quarterly 3/1/18 41.60 -- --
Quarterly 12/1/17 90.00 -- --

Reference Information - EBITDA

Last Actual (FY0): 585.30
FY0 End Date: 12/1/17
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 12/1/20 571.46 633.00 539.00 564.50 8 -- -- --
Annual 12/1/19 547.05 600.00 522.35 539.75 12 -- -- --
Annual 12/1/18 515.02 554.00 495.00 514.38 13 1 -- 0.10
Quarterly 12/1/18 157.87 166.00 141.30 158.84 12 -- -- --
Quarterly 3/1/19 113.05 124.43 107.05 111.43 6 -- -- --
Quarterly 6/1/19 122.41 141.58 110.96 120.10 6 -- -- --
Quarterly 9/1/19 143.14 151.28 138.05 140.61 6 -- -- --

Actuals - EBITDA

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 585.30 -- --
Annual 12/1/16 614.28 -- --
Annual 12/1/15 377.80 -- --
Quarterly 9/1/18 127.60 -- --
Quarterly 6/1/18 112.30 -- --
Quarterly 3/1/18 100.20 -- --
Quarterly 12/1/17 154.40 -- --

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): -5.01
FY0 End Date: 12/1/17
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 12/1/20 3.02 3.23 2.86 3.01 5 -- -- 0.02
Annual 12/1/19 2.52 2.60 2.40 2.54 7 -- -- --
Annual 12/1/18 0.08 0.11 0.04 0.08 3 -- -- --
Quarterly 12/1/18 0.96 1.01 0.90 0.96 7 -- -- --
Quarterly 3/1/19 0.29 0.34 0.22 0.30 5 -- -- --
Quarterly 6/1/19 0.42 0.46 0.37 0.42 5 -- -- --
Quarterly 9/1/19 0.73 0.77 0.70 0.71 5 -- -- --

Actuals - GAAP Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 -5.01 -- --
Annual 12/1/16 -4.10 -- --
Annual 12/1/15 2.63 -- --
Quarterly 9/1/18 0.10 -- --
Quarterly 6/1/18 -0.36 -- --
Quarterly 3/1/18 -0.60 -- --
Quarterly 12/1/17 -5.40 -- --

Reference Information - Net Debt

Last Actual (FY0): 2,398.90
FY0 End Date: 12/1/17
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 12/1/20 1,912.92 2,032.48 1,686.20 1,966.50 4 -- -- --
Annual 12/1/19 2,067.78 2,168.74 1,938.28 2,124.00 5 -- -- --
Annual 12/1/18 2,242.99 2,273.00 2,216.90 2,238.00 5 -- -- --
Quarterly 12/1/18 2,230.91 2,255.84 2,216.90 2,220.00 3 -- -- --
Quarterly 3/1/19 2,325.95 2,325.95 2,325.95 2,325.95 1 1 -- --
Quarterly 6/1/19 2,206.30 2,206.30 2,206.30 2,206.30 1 1 -- --
Quarterly 9/1/19 2,223.97 2,223.97 2,223.97 2,223.97 1 1 -- --

Actuals - Net Debt

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 2,398.90 2,454.35 -2.26
Annual 12/1/16 2,718.65 2,624.73 3.58
Annual 12/1/15 1,193.33 1,239.73 -3.74
Quarterly 9/1/18 2,275.30 2,421.29 -6.03
Quarterly 6/1/18 2,303.00 2,359.06 -2.38
Quarterly 3/1/18 2,414.80 2,481.90 -2.70
Quarterly 12/1/17 2,398.90 2,435.71 -1.51

Reference Information - Net Income

Last Actual (FY0): 161.90
FY0 End Date: 12/1/17
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 12/1/20 167.50 181.80 154.00 166.00 8 -- -- --
Annual 12/1/19 142.33 147.00 136.16 142.90 11 -- -- --
Annual 12/1/18 120.04 122.70 117.20 120.14 12 -- -- --
Quarterly 12/1/18 53.79 56.50 51.00 53.50 10 -- -- --
Quarterly 3/1/19 16.44 19.10 11.60 17.20 5 -- -- --
Quarterly 6/1/19 22.89 25.90 18.30 23.40 5 -- -- --
Quarterly 9/1/19 41.39 44.40 39.30 40.26 5 -- -- --

Actuals - Net Income

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 161.90 -- --
Annual 12/1/16 166.26 -- --
Annual 12/1/15 139.39 -- --
Quarterly 9/1/18 35.10 -- --
Quarterly 6/1/18 21.00 -- --
Quarterly 3/1/18 10.10 -- --
Quarterly 12/1/17 58.50 -- --

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 12/1/20 -- -- -- -- -- -- -- --
Annual 12/1/19 -- -- -- -- -- -- -- --
Annual 12/1/18 -- -- -- -- -- -- -- --
Quarterly 12/1/18 -- -- -- -- -- -- -- --
Quarterly 3/1/19 -- -- -- -- -- -- -- --
Quarterly 6/1/19 -- -- -- -- -- -- -- --
Quarterly 9/1/19 -- -- -- -- -- -- -- --

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): 6.79
FY0 End Date: 12/1/17
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 12/1/20 6.94 7.50 6.10 7.21 3 3 -- 15.43
Annual 12/1/19 6.12 6.60 5.73 6.08 4 4 -- 10.07
Annual 12/1/18 5.34 5.50 5.20 5.30 5 3 2 2.31
Quarterly 12/1/18 7.83 9.35 6.30 7.83 2 1 -- --
Quarterly 3/1/19 3.19 3.19 3.19 3.19 1 -- 1 --
Quarterly 6/1/19 3.85 3.85 3.85 3.85 1 1 -- --
Quarterly 9/1/19 7.40 7.40 7.40 7.40 1 1 -- --

Actuals - Return On Equity

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 6.79 -- --
Annual 12/1/16 7.63 -- --
Annual 12/1/15 7.71 -- --
Quarterly 9/1/18 6.42 -- --
Quarterly 6/1/18 3.81 -- --
Quarterly 3/1/18 1.80 -- --
Quarterly 12/1/17 9.63 -- --

Reference Information - Sales

Last Actual (FY0): 6,307.10
FY0 End Date: 12/1/17
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 12/1/20 5,755.56 6,000.00 5,623.00 5,751.00 9 -- -- 0.19
Annual 12/1/19 5,657.24 5,873.00 5,519.54 5,655.72 12 -- 1 -0.01
Annual 12/1/18 5,829.03 5,857.00 5,800.00 5,832.31 13 -- -- --
Quarterly 12/1/18 1,497.70 1,526.00 1,469.00 1,500.91 12 -- -- --
Quarterly 3/1/19 1,379.52 1,474.00 1,317.80 1,365.60 7 -- -- --
Quarterly 6/1/19 1,381.43 1,454.00 1,341.00 1,368.23 7 -- -- --
Quarterly 9/1/19 1,406.12 1,431.00 1,378.32 1,409.43 7 -- -- --

Actuals - Sales

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 6,307.10 6,296.46 0.17
Annual 12/1/16 6,175.09 6,139.83 0.57
Annual 12/1/15 3,206.41 3,207.23 -0.03
Quarterly 9/1/18 1,394.00 1,439.02 -3.13
Quarterly 6/1/18 1,455.80 1,415.08 2.88
Quarterly 3/1/18 1,481.20 1,441.24 2.77
Quarterly 12/1/17 1,699.90 1,689.85 0.59

Reference Information - Earnings Per Share (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Earnings Per Share (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/20 -- -- -- -- -- -- -- --
Annual 12/1/19 -- -- -- -- -- -- -- --
Annual 12/1/18 -- -- -- -- -- -- -- --
Quarterly 12/1/18 -- -- -- -- -- -- -- --
Quarterly 3/1/19 -- -- -- -- -- -- -- --
Quarterly 6/1/19 -- -- -- -- -- -- -- --
Quarterly 9/1/19 -- -- -- -- -- -- -- --

Actuals - Earnings Per Share (Parent)

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 - Net Income (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Net Income (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/20 -- -- -- -- -- -- -- --
Annual 12/1/19 -- -- -- -- -- -- -- --
Annual 12/1/18 -- -- -- -- -- -- -- --
Quarterly 12/1/18 -- -- -- -- -- -- -- --
Quarterly 3/1/19 -- -- -- -- -- -- -- --
Quarterly 6/1/19 -- -- -- -- -- -- -- --
Quarterly 9/1/19 -- -- -- -- -- -- -- --

Actuals - Net Income (Parent)

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 - Operating Profit (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Operating Profit (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/20 -- -- -- -- -- -- -- --
Annual 12/1/19 -- -- -- -- -- -- -- --
Annual 12/1/18 -- -- -- -- -- -- -- --
Quarterly 12/1/18 -- -- -- -- -- -- -- --
Quarterly 3/1/19 -- -- -- -- -- -- -- --
Quarterly 6/1/19 -- -- -- -- -- -- -- --
Quarterly 9/1/19 -- -- -- -- -- -- -- --

Actuals - Operating Profit (Parent)

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 - Sales (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Sales (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/20 -- -- -- -- -- -- -- --
Annual 12/1/19 -- -- -- -- -- -- -- --
Annual 12/1/18 -- -- -- -- -- -- -- --
Quarterly 12/1/18 -- -- -- -- -- -- -- --
Quarterly 3/1/19 -- -- -- -- -- -- -- --
Quarterly 6/1/19 -- -- -- -- -- -- -- --
Quarterly 9/1/19 -- -- -- -- -- -- -- --

Actuals - Sales (Parent)

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 -- -- --
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