Eaton (ETN) Stock Moves 1.82%: What You Should Know

Eaton (ETN) closed up 1.82% and has gained 6.55% recently, outperforming its sector. The power management company is expected to report earnings of $3.53 per share (up 14.98% YoY) and revenue of $8.41 billion (up 20.34% YoY). However, with a Forward P/E of 32.15 versus the industry average of 24.19 and a PEG ratio of 2.64 compared to the industry average of 1.65, ETN trades at a premium valuation. The stock holds a Zacks Rank of #3 (Hold).