Earnings Estimates

Reference Information - Earnings Per Share

Last Actual (FY0): 2.56
FY0 End Date: 12/1/17
Ind. Annual Div: 0.11
Hist (5 Yr) Growth %: 13.22
Hist (5 Yr) Stability %: 20.15
Yield (%): 0.20

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 4.73 5.06 4.39 4.73 2 -- 1 --
Annual 12/1/19 3.99 4.41 3.75 3.96 8 1 -- --
Annual 12/1/18 3.41 3.48 3.36 3.40 8 1 -- --
Quarterly 9/1/18 0.76 0.80 0.72 0.77 8 4 4 -4.97
Quarterly 12/1/18 1.00 1.06 0.96 0.99 8 1 -- --
Quarterly 3/1/19 0.94 1.06 0.87 0.93 6 1 -- --
Quarterly 6/1/19 0.97 1.06 0.89 0.97 6 1 -- --
Long Term Growth 12.00 12.00 12.00 12.00 1 -- -- --

Actuals - Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 2.56 2.46 4.22
Annual 12/1/16 2.30 2.26 1.94
Annual 12/1/15 2.15 2.12 1.48
Quarterly 6/1/18 0.84 0.78 7.50
Quarterly 3/1/18 0.81 0.95 -14.74
Quarterly 12/1/17 0.65 0.55 17.94
Quarterly 9/1/17 0.43 0.54 -19.88

Reference Information - Book Value Per Share

Last Actual (FY0): 24.42
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 32.58 32.58 32.58 32.58 1 -- 1 --
Annual 12/1/19 29.64 30.60 28.67 29.64 2 -- 2 -1.70
Annual 12/1/18 26.36 26.89 25.82 26.36 2 -- 2 -0.93
Quarterly 9/1/18 25.49 25.96 25.01 25.49 2 -- 2 -1.18
Quarterly 12/1/18 26.36 26.89 25.82 26.36 2 -- 2 -0.93
Quarterly 3/1/19 26.94 27.78 26.09 26.94 2 -- 2 -1.63
Quarterly 6/1/19 27.79 28.67 26.90 27.79 2 -- 2 -1.60

Actuals - Book Value Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 24.42 -- --
Annual 12/1/16 20.75 -- --
Annual 12/1/15 18.83 -- --
Quarterly 6/1/18 25.23 -- --
Quarterly 3/1/18 25.03 -- --
Quarterly 12/1/17 24.42 -- --
Quarterly 9/1/17 22.24 -- --

Reference Information - Cash Flow Per Share

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

Actuals - Cash Flow Per Share

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 - Dividend Per Share

Last Actual (FY0): 0.11
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 0.34 0.34 0.34 0.34 1 -- -- --
Annual 12/1/19 0.18 0.24 0.12 0.18 2 -- -- --
Annual 12/1/18 0.14 0.16 0.12 0.14 2 -- -- --
Quarterly 9/1/18 0.04 0.05 0.03 0.04 2 -- -- --
Quarterly 12/1/18 0.04 0.05 0.03 0.04 2 -- -- --
Quarterly 3/1/19 0.04 0.05 0.03 0.04 2 -- -- --
Quarterly 6/1/19 0.04 0.05 0.03 0.04 2 -- -- --

Actuals - Dividend Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 0.11 -- --
Annual 12/1/16 0.10 -- --
Quarterly 6/1/18 0.03 -- --
Quarterly 3/1/18 0.03 -- --
Quarterly 12/1/17 0.03 -- --
Quarterly 9/1/17 0.03 -- --

Reference Information - EBIT

Last Actual (FY0): 283.93
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 12/1/20 408.17 432.32 384.02 408.17 2 1 1 --
Annual 12/1/19 368.19 386.13 351.09 369.00 9 2 -- 0.21
Annual 12/1/18 327.42 328.00 326.85 327.42 2 -- -- --
Quarterly 9/1/18 70.97 77.00 63.25 71.84 9 1 -- --
Quarterly 12/1/18 92.40 97.10 89.05 92.00 9 2 -- 0.36
Quarterly 3/1/19 87.12 94.23 83.20 86.10 7 1 -- --
Quarterly 6/1/19 87.43 92.73 80.07 88.09 7 1 -- --

Actuals - EBIT

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 283.93 -- --
Annual 12/1/16 287.29 -- --
Annual 12/1/15 269.44 -- --
Quarterly 6/1/18 95.00 -- --
Quarterly 3/1/18 75.97 -- --
Quarterly 12/1/17 71.05 -- --
Quarterly 9/1/17 52.55 -- --

Reference Information - EBITDA

Last Actual (FY0): 362.70
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 12/1/20 501.12 528.31 473.92 501.12 2 1 1 --
Annual 12/1/19 454.32 488.00 428.30 448.92 8 1 -- --
Annual 12/1/18 394.78 396.64 389.70 396.20 5 3 2 0.78
Quarterly 9/1/18 91.71 100.00 85.72 91.47 8 2 5 -5.11
Quarterly 12/1/18 113.60 117.49 110.30 113.54 8 1 -- --
Quarterly 3/1/19 108.88 118.24 100.60 108.38 6 1 -- --
Quarterly 6/1/19 109.29 118.00 102.13 107.94 6 1 -- --

Actuals - EBITDA

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 362.70 -- --
Annual 12/1/16 342.45 -- --
Annual 12/1/15 349.65 -- --
Quarterly 6/1/18 97.01 -- --
Quarterly 3/1/18 94.10 -- --
Quarterly 12/1/17 89.88 -- --
Quarterly 9/1/17 68.10 -- --

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 4.06
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 4.43 4.73 4.12 4.43 2 1 1 --
Annual 12/1/19 3.86 4.08 3.60 3.87 9 1 -- --
Annual 12/1/18 2.94 3.03 2.90 2.93 5 1 -- --
Quarterly 9/1/18 0.73 0.80 0.65 0.72 9 4 4 -4.44
Quarterly 12/1/18 0.96 1.00 0.91 0.96 9 1 -- --
Quarterly 3/1/19 0.91 0.98 0.87 0.89 7 1 -- --
Quarterly 6/1/19 0.91 0.97 0.82 0.92 7 1 -- --

Actuals - GAAP Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 4.06 -- --
Annual 12/1/16 1.91 -- --
Annual 12/1/15 1.86 -- --
Quarterly 6/1/18 0.54 -- --
Quarterly 3/1/18 0.73 -- --
Quarterly 12/1/17 2.46 -- --
Quarterly 9/1/17 0.35 -- --

Reference Information - Net Debt

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

Actuals - Net Debt

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/15 573.28 471.81 21.51

Reference Information - Net Income

Last Actual (FY0): 184.67
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 12/1/20 298.23 298.23 298.23 298.23 1 1 -- --
Annual 12/1/19 275.49 284.89 267.40 274.49 7 1 -- --
Annual 12/1/18 241.04 243.34 237.90 241.11 6 4 1 0.89
Quarterly 9/1/18 53.64 56.00 50.77 54.00 7 3 3 -3.73
Quarterly 12/1/18 69.70 74.66 67.00 68.34 7 1 -- --
Quarterly 3/1/19 64.71 67.66 61.00 65.69 5 1 4 -3.59
Quarterly 6/1/19 66.27 68.84 63.50 66.00 5 1 -- --

Actuals - Net Income

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 184.67 -- --
Annual 12/1/16 167.73 -- --
Annual 12/1/15 157.04 -- --
Quarterly 6/1/18 59.57 -- --
Quarterly 3/1/18 58.34 -- --
Quarterly 12/1/17 47.00 -- --
Quarterly 9/1/17 31.34 -- --

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

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): 11.72
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 14.60 14.60 14.60 14.60 1 -- 1 --
Annual 12/1/19 13.80 14.30 13.30 13.80 2 1 1 --
Annual 12/1/18 12.25 13.00 11.50 12.25 2 1 1 --
Quarterly 9/1/18 14.85 18.00 11.70 14.85 2 -- 2 --
Quarterly 12/1/18 13.55 15.60 11.50 13.55 2 1 1 --
Quarterly 3/1/19 13.10 14.10 12.10 13.10 2 1 1 --
Quarterly 6/1/19 13.60 13.80 13.40 13.60 2 1 1 --

Actuals - Return On Equity

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 11.72 -- --
Annual 12/1/16 11.78 -- --
Annual 12/1/15 12.13 -- --
Quarterly 6/1/18 13.61 -- --
Quarterly 3/1/18 3.58 -- --
Quarterly 12/1/17 11.39 -- --
Quarterly 9/1/17 8.05 -- --

Reference Information - Sales

Last Actual (FY0): 3,383.71
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 4,302.32 4,342.17 4,262.47 4,302.32 2 1 1 --
Annual 12/1/19 4,260.28 4,585.00 4,083.15 4,184.80 9 1 -- --
Annual 12/1/18 3,831.97 3,859.00 3,794.36 3,839.00 9 1 -- --
Quarterly 9/1/18 947.84 953.43 937.81 950.12 8 6 2 0.19
Quarterly 12/1/18 999.19 1,034.00 973.68 1,003.90 8 1 -- --
Quarterly 3/1/19 1,066.20 1,139.00 1,003.93 1,059.09 6 1 -- --
Quarterly 6/1/19 1,049.28 1,120.00 995.80 1,038.94 6 1 -- --

Actuals - Sales

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 3,383.71 3,369.69 0.42
Annual 12/1/16 3,207.72 3,227.08 -0.60
Annual 12/1/15 3,179.76 3,165.90 0.44
Quarterly 6/1/18 927.86 925.36 0.27
Quarterly 3/1/18 954.81 930.83 2.58
Quarterly 12/1/17 884.63 869.21 1.77
Quarterly 9/1/17 838.88 825.87 1.58

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

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

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

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

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 -- -- --
Fiscal Year Ending: Dec - Last Changed: 07/14/17

Copyright Thomson Reuters Corporation