Earnings Estimates

Analyst Ratings

Mean Recommendation:

2.70

Sell

Strong Buy

Available Measures

Reference Information - Earnings Per Share

Last Actual (FY0): 8.94
FY0 End Date: 12/1/18
Ind. Annual Div: 2.20
Hist (5 Yr) Growth %: 16.25
Yield (%): 2.24

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 8.22 9.00 7.36 8.26 6 4 1 0.49
Annual 12/1/20 8.34 8.82 7.74 8.30 11 7 3 2.28
Annual 12/1/19 9.15 9.43 8.83 9.13 10 6 4 1.41
Quarterly 3/1/20 2.30 2.52 1.98 2.39 7 5 1 10.39
Quarterly 6/1/20 2.28 2.47 2.13 2.34 7 4 -- 12.16
Quarterly 9/1/19 1.98 2.05 1.93 1.98 10 4 5 0.64
Quarterly 12/1/19 1.67 1.88 1.37 1.66 10 6 4 1.94
Long Term Growth 3.68 9.00 -1.64 3.68 2 -- -- 0.00

Actuals - Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 8.94 9.52 -6.13
Annual 12/1/17 5.44 5.23 4.11
Annual 12/1/16 4.48 4.40 1.83
Quarterly 6/1/19 2.71 2.58 5.14
Quarterly 3/1/19 2.80 2.37 18.19
Quarterly 12/1/18 1.08 1.72 -37.22
Quarterly 9/1/18 2.42 2.69 -10.00

Reference Information - Book Value Per Share

Last Actual (FY0): 69.85
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
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 12/1/21 89.10 89.16 89.05 89.10 2 2 -- 0.21
Annual 12/1/20 82.50 83.78 81.79 82.23 4 2 2 0.05
Annual 12/1/19 76.23 78.36 74.82 75.87 4 -- 4 -0.56
Quarterly 3/1/20 79.24 79.24 79.24 79.24 1 -- 1 -0.55
Quarterly 6/1/20 80.88 80.88 80.88 80.88 1 -- 1 -0.30
Quarterly 9/1/19 74.42 75.22 73.61 74.42 2 -- 2 -2.14
Quarterly 12/1/19 76.66 78.36 74.95 76.66 2 -- 2 -0.24

Actuals - Book Value Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 69.85 69.30 0.79
Annual 12/1/17 64.28 60.46 6.32
Annual 12/1/16 57.07 56.72 0.62
Quarterly 6/1/19 74.13 74.84 -0.95
Quarterly 3/1/19 71.83 71.78 0.07
Quarterly 12/1/18 69.85 69.59 0.37
Quarterly 9/1/18 69.92 70.24 -0.45

Reference Information - Cash Flow Per Share

Last Actual (FY0): 9.17
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
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 12/1/21 10.95 11.24 10.66 10.95 2 1 1 1.27
Annual 12/1/20 11.70 12.11 11.29 11.71 4 2 2 1.13
Annual 12/1/19 13.44 14.64 12.11 13.51 4 4 -- 7.68
Quarterly 3/1/20 2.80 2.80 2.80 2.80 1 1 -- 7.61
Quarterly 6/1/20 2.96 2.96 2.96 2.96 1 1 -- 6.98
Quarterly 9/1/19 2.60 2.78 2.43 2.60 2 1 1 -14.97
Quarterly 12/1/19 3.04 3.88 2.19 3.04 2 2 -- 16.68

Actuals - Cash Flow Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 9.17 9.04 1.47
Annual 12/1/17 5.43 6.96 -21.98
Annual 12/1/16 8.57 7.79 10.01
Quarterly 6/1/19 5.16 3.39 52.19
Quarterly 3/1/19 1.73 1.82 -4.89
Quarterly 12/1/18 6.13 3.20 91.47
Quarterly 9/1/18 1.88 2.82 -33.44

Reference Information - Dividend Per Share

Last Actual (FY0): 2.00
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
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 12/1/21 2.32 2.60 2.20 2.27 6 1 -- 1.09
Annual 12/1/20 2.28 2.45 2.20 2.27 9 1 -- 0.98
Annual 12/1/19 2.21 2.24 2.20 2.20 8 -- -- 0.03
Quarterly 3/1/20 0.56 0.58 0.55 0.55 3 -- -- --
Quarterly 6/1/20 0.56 0.58 0.55 0.55 3 -- -- --
Quarterly 9/1/19 0.55 0.55 0.55 0.55 4 -- -- --
Quarterly 12/1/19 0.55 0.55 0.55 0.55 4 -- -- --

Actuals - Dividend Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 2.00 2.00 -0.11
Annual 12/1/17 1.80 1.81 -0.28
Annual 12/1/16 1.65 1.67 -1.45
Quarterly 6/1/19 0.55 0.55 --
Quarterly 3/1/19 0.55 0.55 --
Quarterly 12/1/18 0.50 0.50 --
Quarterly 9/1/18 0.50 0.50 --

Reference Information - EBIT

Last Actual (FY0): 971.20
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - EBIT

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 804.28 886.50 740.31 806.18 6 5 -- 3.14
Annual 12/1/20 840.09 895.00 805.00 832.00 9 5 4 1.51
Annual 12/1/19 923.57 955.10 902.80 921.50 8 5 3 0.59
Quarterly 3/1/20 217.13 233.60 203.80 214.00 3 2 1 4.43
Quarterly 6/1/20 218.50 219.00 218.20 218.30 3 3 -- 4.18
Quarterly 9/1/19 201.56 211.20 187.00 202.00 7 2 5 -1.32
Quarterly 12/1/19 172.64 195.30 150.30 171.00 7 4 3 2.63

Actuals - EBIT

Reported Mean Estimate Surprise % Change
Annual 12/1/18 971.20 1,006.57 -3.51
Annual 12/1/17 666.50 647.72 2.90
Annual 12/1/16 581.70 549.04 5.95
Quarterly 6/1/19 267.80 259.99 3.00
Quarterly 3/1/19 280.80 238.56 17.71
Quarterly 12/1/18 152.10 186.64 -18.51
Quarterly 9/1/18 250.30 290.67 -13.89

Reference Information - EBITDA

Last Actual (FY0): 1,186.40
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - EBITDA

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 1,040.32 1,104.70 982.54 1,037.00 5 4 -- 2.45
Annual 12/1/20 1,060.57 1,111.00 1,030.51 1,054.00 10 6 4 1.62
Annual 12/1/19 1,143.57 1,173.00 1,118.30 1,138.00 9 6 3 1.09
Quarterly 3/1/20 281.60 303.00 257.80 282.80 4 3 1 5.73
Quarterly 6/1/20 278.62 287.00 272.20 277.65 4 4 -- 5.27
Quarterly 9/1/19 259.64 265.90 256.00 259.05 8 4 4 1.28
Quarterly 12/1/19 231.10 250.10 204.30 230.84 8 5 3 2.21

Actuals - EBITDA

Reported Mean Estimate Surprise % Change
Annual 12/1/18 1,186.40 1,220.75 -2.81
Annual 12/1/17 884.90 866.79 2.09
Annual 12/1/16 803.70 767.73 4.69
Quarterly 6/1/19 322.20 314.97 2.30
Quarterly 3/1/19 334.80 292.62 14.41
Quarterly 12/1/18 205.50 241.38 -14.86
Quarterly 9/1/18 303.70 344.79 -11.92

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 8.85
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
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 12/1/21 8.75 8.75 8.75 8.75 1 1 -- 1.51
Annual 12/1/20 8.42 8.82 8.02 8.30 5 3 1 0.11
Annual 12/1/19 9.17 9.41 8.89 9.20 3 1 2 0.05
Quarterly 3/1/20 2.29 2.29 2.29 2.29 1 1 -- 14.50
Quarterly 6/1/20 2.13 2.13 2.13 2.13 1 1 -- 4.41
Quarterly 9/1/19 2.01 2.05 1.96 2.01 4 1 3 -2.67
Quarterly 12/1/19 1.71 1.88 1.62 1.67 4 2 2 2.15

Actuals - GAAP Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 8.85 9.14 -3.17
Annual 12/1/17 8.34 5.22 59.77
Annual 12/1/16 4.16 3.98 4.65
Quarterly 6/1/19 2.69 2.60 3.53
Quarterly 3/1/19 2.80 2.38 17.75
Quarterly 12/1/18 1.23 1.70 -27.54
Quarterly 9/1/18 2.03 2.63 -22.81

Reference Information - Net Debt

Last Actual (FY0): 2,075.50
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Debt

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 898.14 973.01 797.90 910.82 4 2 2 -9.96
Annual 12/1/20 1,241.36 1,381.00 1,123.00 1,235.87 5 1 4 -6.20
Annual 12/1/19 1,605.67 1,681.20 1,534.23 1,595.90 5 2 3 -1.22
Quarterly 3/1/20 1,541.11 1,541.11 1,541.11 1,541.11 1 -- 1 -3.12
Quarterly 6/1/20 1,475.86 1,475.86 1,475.86 1,475.86 1 -- 1 -4.31
Quarterly 9/1/19 1,608.53 1,719.00 1,498.06 1,608.53 2 -- 2 -4.81
Quarterly 12/1/19 1,581.12 1,628.00 1,534.23 1,581.12 2 -- 2 -2.74

Actuals - Net Debt

Reported Mean Estimate Surprise % Change
Annual 12/1/18 2,075.50 1,810.48 14.64
Annual 12/1/17 1,747.00 1,674.60 4.32
Annual 12/1/16 1,806.40 1,862.45 -3.01
Quarterly 6/1/19 1,868.70 1,910.72 -2.20
Quarterly 3/1/19 2,053.90 1,976.15 3.93
Quarterly 12/1/18 2,075.50 1,808.41 14.77
Quarterly 9/1/18 1,958.10 1,814.32 7.92

Reference Information - Net Income

Last Actual (FY0): 647.60
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Income

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 540.60 595.00 500.22 539.00 5 3 1 1.17
Annual 12/1/20 559.95 600.00 525.00 556.70 9 6 3 2.01
Annual 12/1/19 619.25 639.80 599.86 618.48 9 6 3 1.20
Quarterly 3/1/20 137.16 140.00 134.33 137.16 2 1 1 0.20
Quarterly 6/1/20 144.60 145.21 144.00 144.60 2 2 -- 5.10
Quarterly 9/1/19 133.53 135.56 131.00 133.00 5 2 3 0.68
Quarterly 12/1/19 107.99 113.56 92.98 111.40 5 2 3 1.46

Actuals - Net Income

Reported Mean Estimate Surprise % Change
Annual 12/1/18 647.60 694.89 -6.81
Annual 12/1/17 400.20 383.41 4.38
Annual 12/1/16 327.60 320.93 2.08
Quarterly 6/1/19 184.00 176.92 4.00
Quarterly 3/1/19 190.10 161.18 17.94
Quarterly 12/1/18 75.90 123.71 -38.65
Quarterly 9/1/18 176.30 198.62 -11.24

Reference Information - Operating Profit

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

Analyst Forecasts - Operating Profit

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 -- -- -- -- -- -- -- --
Annual 12/1/20 -- -- -- -- -- -- -- --
Annual 12/1/19 -- -- -- -- -- -- -- --
Quarterly 6/1/20 -- -- -- -- -- -- -- --
Quarterly 3/1/20 -- -- -- -- -- -- -- --
Quarterly 12/1/19 -- -- -- -- -- -- -- --
Quarterly 9/1/19 -- -- -- -- -- -- -- --

Actuals - Operating Profit

Reported 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): 13.87
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
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 12/1/21 9.46 10.30 8.63 9.46 2 -- -- 1.62
Annual 12/1/20 11.13 14.40 10.00 10.45 6 -- -- 9.17
Annual 12/1/19 12.58 13.10 12.09 12.60 6 -- -- -0.18
Quarterly 3/1/20 -- -- -- -- -- -- -- --
Quarterly 6/1/20 -- -- -- -- -- -- -- --
Quarterly 9/1/19 11.20 11.20 11.20 11.20 1 -- -- --
Quarterly 12/1/19 -- -- -- -- -- -- -- --

Actuals - Return On Equity

Reported Mean Estimate Surprise % Change
Annual 12/1/18 13.87 14.38 -0.51
Annual 12/1/17 9.08 8.94 0.14
Annual 12/1/16 8.13 7.82 0.31

Reference Information - Sales

Last Actual (FY0): 11,534.50
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Sales

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 11,211.42 11,567.10 10,735.00 11,281.95 5 4 -- 0.65
Annual 12/1/20 11,013.27 11,372.00 10,400.00 11,150.00 9 5 4 -1.56
Annual 12/1/19 11,147.29 11,388.00 10,999.00 11,170.00 9 3 6 -1.57
Quarterly 3/1/20 2,841.97 2,885.80 2,803.56 2,839.27 4 4 -- 2.67
Quarterly 6/1/20 2,854.87 2,876.90 2,825.00 2,858.78 4 2 -- 1.92
Quarterly 9/1/19 2,691.12 2,714.70 2,671.88 2,684.65 8 2 6 -2.74
Quarterly 12/1/19 2,586.01 2,686.04 2,467.00 2,599.50 8 3 5 -1.81

Actuals - Sales

Reported Mean Estimate Surprise % Change
Annual 12/1/18 11,534.50 11,480.59 0.47
Annual 12/1/17 9,721.00 9,657.85 0.65
Annual 12/1/16 8,613.40 8,570.03 0.51
Quarterly 6/1/19 2,883.50 2,916.17 -1.12
Quarterly 3/1/19 2,956.60 2,966.96 -0.35
Quarterly 12/1/18 2,814.00 2,761.60 1.90
Quarterly 9/1/18 2,974.50 2,970.48 0.14

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