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 %: 14.49
Hist (5 Yr) Stability %: 18.95
Yield (%): 0.23

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 4.50 4.61 4.39 4.50 2 -- 1 --
Annual 12/1/19 3.89 4.08 3.73 3.89 8 -- 1 --
Annual 12/1/18 3.37 3.43 3.30 3.37 8 1 7 -1.23
Quarterly 12/1/18 1.03 1.08 0.98 1.03 8 7 -- 2.95
Quarterly 3/1/19 0.93 0.97 0.88 0.93 6 2 4 -1.44
Quarterly 6/1/19 0.95 1.00 0.91 0.95 6 2 3 -1.92
Quarterly 9/1/19 0.85 1.03 0.78 0.82 6 -- 6 -9.98
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 9/1/18 0.69 0.76 -9.29
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

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 31.46 31.46 31.46 31.46 1 -- 1 --
Annual 12/1/19 29.13 30.27 27.98 29.13 2 -- 1 --
Annual 12/1/18 26.10 26.66 25.53 26.10 2 -- 1 --
Quarterly 12/1/18 26.10 26.66 25.53 26.10 2 -- 1 --
Quarterly 3/1/19 26.60 27.51 25.69 26.60 2 -- 1 --
Quarterly 6/1/19 27.40 28.44 26.36 27.40 2 -- 1 --
Quarterly 9/1/19 28.15 29.18 27.12 28.15 2 -- 1 --

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 9/1/18 25.71 -- --
Quarterly 6/1/18 25.23 -- --
Quarterly 3/1/18 25.03 -- --
Quarterly 12/1/17 24.42 -- --

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

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 0.17 0.24 0.12 0.14 3 1 -- --
Annual 12/1/18 0.14 0.16 0.12 0.13 3 1 -- --
Quarterly 12/1/18 0.04 0.05 0.03 0.04 3 1 -- --
Quarterly 3/1/19 0.04 0.05 0.03 0.04 3 1 -- --
Quarterly 6/1/19 0.04 0.05 0.03 0.04 3 1 -- --
Quarterly 9/1/19 0.05 0.07 0.03 0.04 3 1 -- --

Actuals - Dividend Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 0.11 -- --
Annual 12/1/16 0.10 -- --
Quarterly 9/1/18 0.03 -- --
Quarterly 6/1/18 0.03 -- --
Quarterly 3/1/18 0.03 -- --
Quarterly 12/1/17 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 12/1/20 387.50 395.05 379.95 387.50 2 -- 2 --
Annual 12/1/19 361.34 378.00 349.56 359.21 9 1 -- -0.03
Annual 12/1/18 323.01 328.00 318.03 323.01 2 -- 1 -1.00
Quarterly 12/1/18 93.82 103.20 89.72 92.80 9 1 -- 0.04
Quarterly 3/1/19 85.69 88.10 82.73 86.07 7 1 -- 0.05
Quarterly 6/1/19 87.07 91.00 79.76 87.94 7 1 -- -0.13
Quarterly 9/1/19 80.13 94.00 73.85 75.76 7 1 -- 0.01

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 9/1/18 66.85 -- --
Quarterly 6/1/18 79.66 -- --
Quarterly 3/1/18 77.61 -- --
Quarterly 12/1/17 71.05 -- --

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 12/1/20 485.16 493.82 476.51 485.16 2 1 1 --
Annual 12/1/19 450.25 473.40 429.80 448.10 8 1 -- -0.02
Annual 12/1/18 388.26 390.60 384.80 389.10 5 1 -- 0.02
Quarterly 12/1/18 115.70 119.28 111.20 115.89 8 1 -- 0.04
Quarterly 3/1/19 108.83 111.68 105.90 108.79 6 1 -- 0.05
Quarterly 6/1/19 110.48 118.00 104.43 109.86 6 1 -- -0.12
Quarterly 9/1/19 104.80 122.00 95.90 99.27 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 9/1/18 82.47 -- --
Quarterly 6/1/18 97.01 -- --
Quarterly 3/1/18 94.10 -- --
Quarterly 12/1/17 89.88 -- --

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 4.19 4.26 4.12 4.19 2 -- 1 --
Annual 12/1/19 3.81 4.01 3.60 3.80 9 2 1 0.61
Annual 12/1/18 2.92 3.03 2.86 2.90 5 1 1 -0.07
Quarterly 12/1/18 0.97 1.08 0.91 0.97 9 1 -- --
Quarterly 3/1/19 0.90 0.93 0.86 0.90 7 1 -- --
Quarterly 6/1/19 0.91 0.97 0.83 0.92 7 2 -- 0.78
Quarterly 9/1/19 0.86 1.00 0.77 0.82 7 1 1 -0.50

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 9/1/18 0.62 -- --
Quarterly 6/1/18 0.54 -- --
Quarterly 3/1/18 0.73 -- --
Quarterly 12/1/17 2.46 -- --

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

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 12/1/20 295.04 295.04 295.04 295.04 1 -- 1 --
Annual 12/1/19 270.49 282.17 261.98 272.65 7 1 -- -0.01
Annual 12/1/18 238.15 242.50 233.60 238.30 6 1 -- 0.02
Quarterly 12/1/18 71.18 76.00 67.00 71.49 7 1 -- 0.06
Quarterly 3/1/19 64.28 67.26 61.00 64.37 5 -- 1 0.07
Quarterly 6/1/19 66.87 69.75 63.81 66.10 5 1 -- -0.07
Quarterly 9/1/19 59.21 68.00 54.77 57.50 5 -- 1 0.06

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 9/1/18 48.64 -- --
Quarterly 6/1/18 59.57 -- --
Quarterly 3/1/18 58.34 -- --
Quarterly 12/1/17 47.00 -- --

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): 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 13.80 13.80 13.80 13.80 1 -- 1 --
Annual 12/1/19 13.20 13.30 13.10 13.20 2 1 -- --
Annual 12/1/18 12.15 13.00 11.30 12.15 2 -- 1 --
Quarterly 12/1/18 13.65 16.00 11.30 13.65 2 1 -- --
Quarterly 3/1/19 12.60 13.60 11.60 12.60 2 -- 2 -1.98
Quarterly 6/1/19 13.45 14.50 12.40 13.45 2 1 -- --
Quarterly 9/1/19 12.50 13.40 11.60 12.50 2 -- 2 -6.00

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 9/1/18 11.09 -- --
Quarterly 6/1/18 13.61 -- --
Quarterly 3/1/18 3.58 -- --
Quarterly 12/1/17 11.39 -- --

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 4,199.65 4,327.30 4,072.00 4,199.65 2 -- 1 --
Annual 12/1/19 4,152.62 4,434.50 3,873.00 4,133.98 9 -- 3 -2.09
Annual 12/1/18 3,780.03 3,852.28 3,609.43 3,824.80 9 -- 1 -1.29
Quarterly 12/1/18 976.71 1,016.54 934.47 983.26 8 -- 1 -1.50
Quarterly 3/1/19 1,038.37 1,094.46 984.00 1,024.91 6 1 -- -1.79
Quarterly 6/1/19 1,020.31 1,076.96 956.00 1,010.19 6 1 -- -1.95
Quarterly 9/1/19 1,041.23 1,116.80 973.00 1,039.04 6 1 -- -2.36

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 9/1/18 953.07 947.75 0.56
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

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

Copyright Thomson Reuters Corporation