Earnings Estimates

Analyst Ratings

Mean Recommendation:

2.60

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 (%): 2.18

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 8.16 8.85 7.36 8.26 6 1 1 0.16
Annual 12/1/20 8.21 8.82 7.49 8.16 11 1 2 0.13
Annual 12/1/19 9.05 9.35 8.83 9.04 10 -- 2 -0.36
Quarterly 3/1/20 2.22 2.42 1.98 2.21 9 1 2 -1.18
Quarterly 6/1/20 2.27 2.47 2.04 2.27 9 2 1 0.94
Quarterly 9/1/19 1.96 2.04 1.90 1.96 10 -- 3 -0.56
Quarterly 12/1/19 1.60 1.85 1.37 1.59 10 -- 3 -1.96
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 92.12 98.00 89.16 89.19 3 1 -- 3.38
Annual 12/1/20 84.38 92.00 81.72 82.61 5 1 -- 2.32
Annual 12/1/19 76.16 78.36 74.78 75.76 4 -- 1 -0.07
Quarterly 3/1/20 80.12 81.00 79.24 80.12 2 -- -- 1.11
Quarterly 6/1/20 82.44 84.00 80.88 82.44 2 -- -- 1.93
Quarterly 9/1/19 74.44 75.22 73.65 74.44 2 -- -- --
Quarterly 12/1/19 76.64 78.36 74.92 76.64 2 -- -- --

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 11.05 11.45 10.66 11.05 2 1 -- 0.96
Annual 12/1/20 12.10 13.15 11.29 11.98 4 1 -- 1.13
Annual 12/1/19 13.39 14.64 12.11 13.40 4 -- 1 -0.41
Quarterly 3/1/20 2.83 2.85 2.80 2.83 2 -- -- --
Quarterly 6/1/20 3.48 3.99 2.96 3.48 2 -- -- --
Quarterly 9/1/19 2.64 2.78 2.50 2.64 2 -- -- --
Quarterly 12/1/19 3.00 3.81 2.19 3.00 2 -- -- --

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 -- -- --
Annual 12/1/20 2.28 2.45 2.20 2.27 9 -- -- --
Annual 12/1/19 2.20 2.24 2.20 2.20 9 -- -- --
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 12/1/21 807.01 895.70 759.49 800.18 6 1 1 0.15
Annual 12/1/20 833.35 895.00 783.00 823.35 9 1 1 0.29
Annual 12/1/19 915.80 934.90 901.48 916.40 7 -- 1 -0.60
Quarterly 3/1/20 215.36 222.34 203.80 217.65 4 1 1 -1.41
Quarterly 6/1/20 219.54 229.00 211.00 219.09 4 1 1 1.00
Quarterly 9/1/19 200.35 206.90 187.00 202.00 7 -- 2 -0.54
Quarterly 12/1/19 167.15 179.70 150.30 171.00 7 -- 2 -1.81

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 1,039.76 1,113.90 982.54 1,035.00 5 1 1 0.14
Annual 12/1/20 1,052.01 1,111.00 1,025.00 1,035.68 10 1 2 0.11
Annual 12/1/19 1,135.13 1,163.00 1,118.30 1,133.80 9 -- 2 -0.30
Quarterly 3/1/20 273.64 294.00 257.80 272.82 6 1 2 -1.28
Quarterly 6/1/20 280.15 297.00 272.20 276.84 6 2 1 1.13
Quarterly 9/1/19 257.46 261.40 251.94 258.00 8 -- 3 -0.42
Quarterly 12/1/19 223.80 245.00 204.30 220.50 8 -- 3 -1.67

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 8.85 8.85 8.85 8.85 1 1 -- 1.14
Annual 12/1/20 8.36 8.82 8.02 8.30 5 1 -- 0.63
Annual 12/1/19 9.03 9.20 8.89 8.99 3 -- 1 -0.77
Quarterly 3/1/20 2.18 2.29 2.07 2.18 2 -- 1 -4.80
Quarterly 6/1/20 2.26 2.28 2.24 2.26 2 1 -- 2.49
Quarterly 9/1/19 1.99 2.04 1.96 1.98 4 -- 1 -0.62
Quarterly 12/1/19 1.61 1.71 1.53 1.59 4 -- 1 -2.58

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 12/1/21 888.94 973.01 761.10 910.82 4 -- 1 -1.02
Annual 12/1/20 1,236.92 1,381.00 1,123.00 1,235.87 5 -- 1 -0.36
Annual 12/1/19 1,550.96 1,681.20 1,263.00 1,599.65 6 1 -- -3.41
Quarterly 3/1/20 1,541.11 1,541.11 1,541.11 1,541.11 1 -- -- --
Quarterly 6/1/20 1,475.86 1,475.86 1,475.86 1,475.86 1 -- -- --
Quarterly 9/1/19 1,504.02 1,719.00 1,295.00 1,498.06 3 -- -- -6.50
Quarterly 12/1/19 1,475.08 1,628.00 1,263.00 1,534.23 3 -- -- -6.71

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 12/1/21 540.18 601.90 500.22 539.00 5 1 1 0.22
Annual 12/1/20 555.28 600.00 508.00 554.26 9 1 1 0.33
Annual 12/1/19 615.54 632.00 599.86 618.00 9 -- 2 -0.39
Quarterly 3/1/20 144.48 153.12 134.33 146.00 3 1 -- 1.40
Quarterly 6/1/20 145.47 152.21 139.00 145.21 3 -- 1 -0.23
Quarterly 9/1/19 133.08 138.40 129.00 132.77 5 -- 1 -0.30
Quarterly 12/1/19 104.74 112.00 92.98 105.70 5 -- 1 -0.76

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 9.01 10.40 8.00 8.63 3 -- -- -4.81
Annual 12/1/20 10.74 14.40 8.00 10.50 7 -- -- -3.51
Annual 12/1/19 12.28 12.80 11.00 12.45 7 -- -- -2.10
Quarterly 3/1/20 11.00 11.00 11.00 11.00 1 -- -- --
Quarterly 6/1/20 10.00 10.00 10.00 10.00 1 -- -- --
Quarterly 9/1/19 10.60 11.20 10.00 10.60 2 -- -- -5.36
Quarterly 12/1/19 8.00 8.00 8.00 8.00 1 -- -- --

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 11,105.46 11,445.00 10,464.00 11,281.95 5 1 1 -0.35
Annual 12/1/20 10,893.57 11,372.00 10,400.00 10,971.00 9 1 1 -0.26
Annual 12/1/19 11,099.50 11,388.00 10,901.00 11,094.00 9 -- 2 -0.33
Quarterly 3/1/20 2,794.79 2,861.53 2,711.00 2,803.56 5 -- 2 -0.45
Quarterly 6/1/20 2,815.11 2,862.77 2,749.79 2,840.20 5 1 1 -0.17
Quarterly 9/1/19 2,672.57 2,712.00 2,649.80 2,672.44 8 -- 2 -0.47
Quarterly 12/1/19 2,550.80 2,686.04 2,404.00 2,561.91 8 -- 2 -1.12

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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