First Call Estimates

Stock Information

Price (Prev Close): 129.42
Price - 52 Week High: 165.00
Price - 52 Week Low: 116.23
Price Date (Latest): 1/19/22
Median Price Target: 147.06
Diff from Prev Close: 17.64
% Difference: 13.63

Analyst Ratings

Mean Recommendation:

2.79

Sell

Strong Buy

Available Measures

Reference Information - Earnings Per Share

Last Actual (FY0): 11.12
FY0 End Date: 12/1/20
Ind. Annual Div: 0.80
Hist (5 Yr) Growth %: 10.23
Yield (%): 0.62

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 13.39 14.88 11.32 13.55 14 2 1 0.10
Annual Dec 22 12.24 13.58 10.64 12.20 17 3 2 -0.19
Annual Dec 21 11.76 12.10 11.59 11.75 16 1 3 -0.20
Quarterly Mar 22 2.71 3.04 2.40 2.74 13 2 2 -0.67
Quarterly Jun 22 3.16 3.72 2.53 3.05 13 -- 4 -2.80
Quarterly Sep 22 2.92 3.13 2.57 3.03 13 2 3 1.49
Quarterly Dec 21 2.87 3.20 2.69 2.86 15 1 3 -0.85
Long Term Growth 8.21 10.03 6.50 8.11 3 -- -- 0.00

Actuals - Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 20 11.12 10.33 7.62
Annual Dec 19 9.99 9.79 2.07
Annual Dec 18 9.53 9.49 0.43
Quarterly Sep 21 2.67 2.75 -2.83
Quarterly Jun 21 3.76 2.70 39.44
Quarterly Mar 21 2.44 2.27 7.59
Quarterly Dec 20 3.59 2.78 28.96

Reference Information - Book Value Per Share

Last Actual (FY0): 74.26
FY0 End Date: 12/1/20
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 Dec 23 91.36 95.80 87.72 90.55 3 -- 1 -0.07
Annual Dec 22 83.06 86.70 81.16 81.33 3 -- 1 -0.10
Annual Dec 21 76.05 80.49 73.79 73.86 3 -- 1 -0.14
Quarterly Mar 22 80.37 80.37 80.37 80.37 1 -- -- --
Quarterly Jun 22 82.27 82.27 82.27 82.27 1 -- -- --
Quarterly Sep 22 84.50 84.50 84.50 84.50 1 -- -- --

Actuals - Book Value Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 20 74.26 72.62 2.26
Annual Dec 19 63.48 61.78 2.74
Annual Dec 18 59.00 57.43 2.73

Reference Information - Cash Flow Per Share

Last Actual (FY0): 27.58
FY0 End Date: 12/1/20
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 Dec 23 21.38 21.81 21.07 21.26 3 1 -- 0.06
Annual Dec 22 19.42 20.56 18.71 19.20 4 1 -- 0.10
Annual Dec 21 13.08 18.58 10.62 11.57 4 -- 1 -0.72
Quarterly Mar 22 5.65 6.83 4.46 5.65 2 -- -- --
Quarterly Jun 22 3.38 4.57 2.18 3.38 2 -- -- --
Quarterly Sep 22 4.99 5.02 4.95 4.99 2 -- -- --
Quarterly Dec 21 4.30 4.48 4.12 4.30 2 -- -- --

Actuals - Cash Flow Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 20 27.58 22.72 21.38
Annual Dec 19 16.16 15.21 6.22
Annual Dec 18 14.30 13.40 6.73
Quarterly Sep 21 5.27 4.54 16.19
Quarterly Jun 21 0.56 2.73 -79.49
Quarterly Mar 21 0.84 4.82 -82.57
Quarterly Dec 20 1.66 4.41 -62.34

Reference Information - Dividend Per Share

Last Actual (FY0): 0.20
FY0 End Date: 12/1/20
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 Dec 23 2.00 11.00 -- 0.80 8 -- -- --
Annual Dec 22 0.68 0.86 -- 0.80 9 -- -- --
Annual Dec 21 0.67 0.80 -- 0.80 9 -- -- --
Quarterly Mar 22 0.21 0.22 0.20 0.21 4 -- -- --
Quarterly Jun 22 0.21 0.22 0.20 0.21 4 -- -- --
Quarterly Sep 22 0.21 0.22 0.20 0.21 4 -- -- --
Quarterly Dec 21 0.20 0.20 0.20 0.20 4 -- -- --

Actuals - Dividend Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 20 0.20 0.31 -36.36
Annual Dec 19 0.60 0.52 15.76
Annual Dec 18 0.40 0.40 --
Quarterly Jun 21 0.20 0.20 --
Quarterly Mar 21 0.20 0.20 --
Quarterly Dec 20 -- -- --

Reference Information - EBIT

Last Actual (FY0): 1,358.35
FY0 End Date: 12/1/20
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 Dec 23 1,457.75 1,539.95 1,304.80 1,499.27 12 1 2 0.01
Annual Dec 22 1,391.96 1,511.00 1,264.28 1,397.75 14 2 1 0.03
Annual Dec 21 1,380.56 1,401.00 1,358.20 1,379.23 14 1 1 -0.15
Quarterly Mar 22 313.99 341.50 290.46 312.09 8 1 -- 0.00
Quarterly Jun 22 348.65 429.00 306.03 342.75 8 -- 1 -0.21
Quarterly Sep 22 327.28 344.95 294.90 336.40 8 -- 1 -0.45
Quarterly Dec 21 330.76 352.00 308.80 326.41 9 1 1 -0.99

Actuals - EBIT

Reported Mean Estimate Surprise % Change
Annual Dec 20 1,358.35 1,286.12 5.62
Annual Dec 19 1,313.54 1,325.36 -0.89
Annual Dec 18 1,326.90 1,309.00 1.37
Quarterly Jun 21 438.97 326.11 34.61
Quarterly Mar 21 295.67 274.66 7.65
Quarterly Dec 20 413.96 347.62 19.08

Reference Information - EBITDA

Last Actual (FY0): 1,860.01
FY0 End Date: 12/1/20
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 Dec 23 2,037.42 2,127.00 1,870.50 2,072.62 15 1 3 0.07
Annual Dec 22 1,934.51 2,015.00 1,820.61 1,943.79 18 3 1 -0.09
Annual Dec 21 1,917.11 1,950.00 1,893.50 1,919.96 18 1 1 -0.08
Quarterly Mar 22 455.87 493.00 414.50 451.30 11 1 1 -0.20
Quarterly Jun 22 501.34 573.00 453.75 483.32 11 -- 2 -0.95
Quarterly Sep 22 470.02 485.69 433.50 475.27 11 1 1 -0.03
Quarterly Dec 21 470.31 502.00 444.20 472.00 13 1 1 -0.47

Actuals - EBITDA

Reported Mean Estimate Surprise % Change
Annual Dec 20 1,860.01 1,779.72 4.51
Annual Dec 19 1,802.22 1,807.78 -0.31
Annual Dec 18 1,761.77 1,756.72 0.29
Quarterly Sep 21 448.25 459.03 -2.35
Quarterly Jun 21 572.70 456.90 25.34
Quarterly Mar 21 427.09 413.85 3.20
Quarterly Dec 20 548.86 471.70 16.36

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 10.99
FY0 End Date: 12/1/20
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 Dec 23 13.38 14.87 11.78 13.66 7 1 -- 0.09
Annual Dec 22 12.19 12.97 11.24 12.17 9 1 -- 0.05
Annual Dec 21 11.75 12.18 11.57 11.73 9 1 1 0.62
Quarterly Mar 22 2.78 3.04 2.66 2.75 7 -- -- --
Quarterly Jun 22 3.07 3.39 2.72 3.05 7 -- 1 -0.23
Quarterly Sep 22 2.98 3.20 2.60 3.02 7 -- 1 -0.52
Quarterly Dec 21 2.85 3.10 2.69 2.82 7 1 1 -1.38

Actuals - GAAP Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 20 10.99 10.26 7.10
Annual Dec 19 9.13 9.01 1.33
Annual Dec 18 8.31 8.95 -7.19
Quarterly Sep 21 2.60 2.83 -8.22
Quarterly Jun 21 3.79 2.70 40.28
Quarterly Mar 21 2.43 2.23 8.97
Quarterly Dec 20 3.60 2.90 24.14

Reference Information - Net Debt

Last Actual (FY0): 2,631.76
FY0 End Date: 12/1/20
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 Dec 23 3,561.95 5,602.63 2,184.00 3,478.92 6 1 -- 0.10
Annual Dec 22 3,778.79 5,455.92 3,011.00 3,586.72 6 1 -- 0.11
Annual Dec 21 3,918.09 5,266.41 3,435.00 3,695.75 6 1 -- 0.13
Quarterly Mar 22 4,459.26 5,359.52 3,559.00 4,459.26 2 -- -- --
Quarterly Jun 22 4,475.13 5,397.26 3,553.00 4,475.13 2 -- -- --
Quarterly Sep 22 4,501.45 5,431.90 3,571.00 4,501.45 2 -- -- --
Quarterly Dec 21 4,412.71 5,266.41 3,559.00 4,412.71 2 -- -- --

Actuals - Net Debt

Reported Mean Estimate Surprise % Change
Annual Dec 20 2,631.76 3,003.69 -12.38
Annual Dec 19 3,922.86 3,967.91 -1.14
Annual Dec 18 3,893.41 3,919.65 -0.67
Quarterly Sep 21 3,564.53 4,330.14 -17.68
Quarterly Jun 21 3,394.58 -- --
Quarterly Mar 21 2,848.60 -- --
Quarterly Dec 20 2,631.76 -- --

Reference Information - Net Income

Last Actual (FY0): 954.71
FY0 End Date: 12/1/20
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 Dec 23 1,051.25 1,199.00 939.23 1,067.10 13 1 3 -0.15
Annual Dec 22 992.68 1,131.00 891.81 985.65 14 2 2 -0.20
Annual Dec 21 996.82 1,040.40 976.30 993.00 13 1 1 -0.18
Quarterly Mar 22 218.19 236.70 197.40 219.02 6 -- 2 -0.62
Quarterly Jun 22 255.71 304.00 219.96 252.00 6 -- 2 -2.60
Quarterly Sep 22 235.50 244.00 215.00 239.17 6 1 1 -0.12
Quarterly Dec 21 239.17 259.70 229.96 237.40 8 1 -- 0.13

Actuals - Net Income

Reported Mean Estimate Surprise % Change
Annual Dec 20 954.71 878.67 8.65
Annual Dec 19 891.82 869.81 2.53
Annual Dec 18 894.35 887.08 0.82
Quarterly Sep 21 224.13 236.78 -5.34
Quarterly Jun 21 322.30 229.22 40.61
Quarterly Mar 21 210.15 194.51 8.04
Quarterly Dec 20 307.86 238.48 29.09

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 Dec 23 -- -- -- -- -- -- -- --
Annual Dec 22 -- -- -- -- -- -- -- --
Annual Dec 21 -- -- -- -- -- -- -- --
Quarterly Sep 22 -- -- -- -- -- -- -- --
Quarterly Jun 22 -- -- -- -- -- -- -- --
Quarterly Mar 22 -- -- -- -- -- -- -- --
Quarterly Dec 21 -- -- -- -- -- -- -- --

Actuals - Operating Profit

Reported Mean Estimate Surprise % Change
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --

Reference Information - Return On Equity

Last Actual (FY0): 16.15
FY0 End Date: 12/1/20
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 Dec 23 16.04 21.20 11.95 16.46 5 -- -- 0.12
Annual Dec 22 16.07 21.70 12.61 15.75 5 -- -- 0.26
Annual Dec 21 16.81 22.60 14.39 15.70 5 -- -- -0.36
Quarterly Mar 22 13.42 13.42 13.42 13.42 1 -- -- --
Quarterly Jun 22 13.51 13.51 13.51 13.51 1 -- -- --
Quarterly Sep 22 15.04 15.04 15.04 15.04 1 -- -- --
Quarterly Dec 21 14.54 14.54 14.54 14.54 1 -- -- --

Actuals - Return On Equity

Reported Mean Estimate Surprise % Change
Annual Dec 20 16.15 14.98 1.17
Annual Dec 19 16.37 15.92 0.45
Annual Dec 18 17.23 16.88 0.35
Quarterly Sep 21 14.06 16.14 -2.08

Reference Information - Sales

Last Actual (FY0): 11,558.90
FY0 End Date: 12/1/20
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 Dec 23 13,529.70 13,873.00 13,216.34 13,503.88 14 2 1 0.06
Annual Dec 22 12,882.70 13,280.00 12,293.82 12,937.70 16 2 1 0.05
Annual Dec 21 12,504.99 12,600.00 12,399.00 12,496.50 16 3 -- 0.04
Quarterly Mar 22 3,129.58 3,301.00 3,037.10 3,116.53 11 1 -- 0.05
Quarterly Jun 22 3,214.48 3,458.00 3,092.80 3,188.06 11 1 -- 0.05
Quarterly Sep 22 3,217.97 3,332.34 3,040.03 3,249.10 11 1 -- 0.02
Quarterly Dec 21 3,142.50 3,233.00 3,032.00 3,149.20 13 2 1 -0.22

Actuals - Sales

Reported Mean Estimate Surprise % Change
Annual Dec 20 11,558.90 11,459.85 0.86
Annual Dec 19 11,378.26 11,365.42 0.11
Annual Dec 18 10,772.28 10,751.35 0.19
Quarterly Sep 21 3,156.00 3,104.50 1.66
Quarterly Jun 21 3,197.88 3,011.95 6.17
Quarterly Mar 21 3,012.99 2,943.35 2.37
Quarterly Dec 20 3,086.94 2,985.24 3.41

P/E Ratios

Fiscal Year FY0 FY1 FY2
Ratios 11.64 11.01 10.58

EPS Growth Rates

Fiscal YOY FY1/FY0 FY2/FY1 FY3/FY2
Growth Rate 13.81 4.07 9.44

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