First Call Estimates

Analyst Ratings

Mean Recommendation:

2.18

Sell

Strong Buy

Available Measures

Reference Information - Earnings Per Share

Last Actual (FY0): 1.47
FY0 End Date: 12/1/19
Ind. Annual Div: 2.00
Hist (5 Yr) Growth %: --
Yield (%): 5.21

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/22 2.45 2.60 2.08 2.56 4 -- -- 4.63
Annual 12/1/21 2.01 2.45 1.55 2.05 25 4 11 -4.68
Annual 12/1/20 1.64 2.10 1.44 1.64 32 2 20 -5.21
Quarterly 3/1/20 0.32 0.39 0.27 0.31 25 1 18 -9.99
Quarterly 6/1/20 0.38 0.47 0.33 0.38 25 3 16 -5.89
Quarterly 9/1/20 0.45 0.57 0.37 0.45 25 5 14 -3.34
Quarterly 12/1/20 0.47 0.59 0.34 0.47 23 6 10 -2.61
Long Term Growth 9.01 13.80 1.58 10.33 4 -- -- 0.00

Actuals - Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/19 1.47 1.45 1.05
Annual 12/1/18 1.62 1.63 -0.66
Annual 12/1/17 1.50 1.46 2.89
Quarterly 12/1/19 0.39 0.37 6.41
Quarterly 9/1/19 0.43 0.40 6.71
Quarterly 6/1/19 0.35 0.35 0.68
Quarterly 3/1/19 0.30 0.30 -0.47

Reference Information - Book Value Per Share

Last Actual (FY0): 17.46
FY0 End Date: 12/1/19
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 17.04 19.72 16.16 16.66 7 1 3 -0.19
Annual 12/1/20 17.08 19.66 16.39 16.79 8 2 3 0.24
Quarterly 3/1/20 16.99 17.18 16.80 17.00 3 -- -- -0.57
Quarterly 6/1/20 16.87 17.02 16.69 16.89 3 1 -- -0.23
Quarterly 9/1/20 16.79 16.89 16.66 16.83 3 1 -- 0.20
Quarterly 12/1/20 16.74 16.78 16.65 16.78 3 1 -- 0.70

Actuals - Book Value Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/19 17.46 18.49 -5.59
Annual 12/1/18 26.13 26.29 -0.61
Annual 12/1/17 26.90 28.45 -5.42
Quarterly 12/1/19 17.46 17.29 0.98
Quarterly 9/1/19 17.28 25.77 -32.95
Quarterly 6/1/19 25.92 25.89 0.13
Quarterly 3/1/19 26.01 25.99 0.09

Reference Information - Cash Flow Per Share

Last Actual (FY0): 3.92
FY0 End Date: 12/1/19
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 12/1/22 5.30 5.30 5.30 5.30 1 -- -- --
Annual 12/1/21 4.14 5.06 2.93 4.14 8 1 4 -2.81
Annual 12/1/20 4.00 4.37 3.71 3.95 10 2 4 -1.02
Quarterly 3/1/20 0.78 1.02 0.41 0.89 6 2 1 12.61
Quarterly 6/1/20 0.92 1.08 0.71 0.98 6 1 3 -1.06
Quarterly 9/1/20 1.07 1.64 0.63 1.01 7 2 2 0.03
Quarterly 12/1/20 1.12 1.44 0.96 1.07 5 2 1 3.47

Actuals - Cash Flow Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/19 3.92 3.74 4.75
Annual 12/1/18 4.12 3.76 9.53
Annual 12/1/17 4.08 3.96 3.12
Quarterly 12/1/19 1.61 1.04 54.47
Quarterly 9/1/19 1.26 1.15 10.01
Quarterly 6/1/19 0.79 0.99 -20.26
Quarterly 3/1/19 0.23 0.80 -71.19

Reference Information - Dividend Per Share

Last Actual (FY0): 2.00
FY0 End Date: 12/1/19
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 12/1/22 2.00 2.00 2.00 2.00 2 -- -- --
Annual 12/1/21 2.00 2.00 2.00 2.00 17 -- -- 0.00
Annual 12/1/20 2.00 2.00 2.00 2.00 20 -- -- 0.00
Quarterly 3/1/20 0.50 0.50 0.50 0.50 10 -- -- --
Quarterly 6/1/20 0.50 0.50 0.50 0.50 9 -- -- --
Quarterly 9/1/20 0.50 0.50 0.50 0.50 10 -- -- --
Quarterly 12/1/20 0.50 0.50 0.50 0.50 9 -- -- --

Actuals - Dividend Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/19 2.00 2.00 0.02
Annual 12/1/18 2.00 2.00 0.00
Annual 12/1/17 2.00 2.00 0.15
Quarterly 12/1/19 0.50 0.50 --
Quarterly 9/1/19 0.50 0.50 --
Quarterly 6/1/19 0.50 0.50 --
Quarterly 3/1/19 0.50 0.50 --

Reference Information - EBIT

Last Actual (FY0): 3,092.00
FY0 End Date: 12/1/19
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 12/1/22 4,032.20 4,909.80 2,133.00 4,543.00 4 1 -- -2.96
Annual 12/1/21 4,017.81 5,691.00 2,336.00 3,950.50 22 5 9 -6.21
Annual 12/1/20 3,430.27 4,520.00 2,960.00 3,256.00 25 3 15 -4.91
Quarterly 3/1/20 717.17 973.00 592.00 742.90 17 2 8 -6.09
Quarterly 6/1/20 829.53 1,131.00 694.00 775.00 17 2 8 -4.22
Quarterly 9/1/20 937.56 1,212.00 764.40 896.00 16 2 7 -3.22
Quarterly 12/1/20 980.40 1,282.00 696.00 959.00 15 4 4 -1.84

Actuals - EBIT

Reported Mean Estimate Surprise % Change
Annual 12/1/19 3,092.00 3,034.08 1.91
Annual 12/1/18 3,191.00 3,341.99 -4.52
Annual 12/1/17 2,902.00 2,996.98 -3.17
Quarterly 12/1/19 807.00 804.68 0.29
Quarterly 9/1/19 881.00 848.19 3.87
Quarterly 6/1/19 724.00 758.52 -4.55
Quarterly 3/1/19 642.00 678.37 -5.36

Reference Information - EBITDA

Last Actual (FY0): 6,610.00
FY0 End Date: 12/1/19
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 12/1/22 7,499.26 8,295.00 5,966.00 7,667.82 5 -- -- -4.43
Annual 12/1/21 7,093.23 8,141.00 6,077.00 7,221.92 21 3 10 -3.50
Annual 12/1/20 6,609.76 7,929.00 6,017.00 6,604.90 28 3 16 -2.54
Quarterly 3/1/20 1,499.25 1,645.90 1,337.00 1,488.88 19 1 12 -3.54
Quarterly 6/1/20 1,607.82 1,746.00 1,432.00 1,603.28 18 1 12 -3.02
Quarterly 9/1/20 1,711.71 1,865.00 1,577.00 1,725.23 18 2 11 -2.69
Quarterly 12/1/20 1,726.63 1,875.00 1,516.00 1,745.00 17 2 10 -2.72

Actuals - EBITDA

Reported Mean Estimate Surprise % Change
Annual 12/1/19 6,610.00 6,593.56 0.25
Annual 12/1/18 6,747.00 6,793.96 -0.69
Annual 12/1/17 6,739.00 6,807.66 -1.01
Quarterly 12/1/19 1,639.00 1,593.74 2.84
Quarterly 9/1/19 1,765.00 1,734.76 1.74
Quarterly 6/1/19 1,668.00 1,624.13 2.70
Quarterly 3/1/19 1,538.00 1,539.88 -0.12

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): -7.32
FY0 End Date: 12/1/19
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 12/1/22 1.82 2.56 0.91 1.99 3 -- -- --
Annual 12/1/21 1.89 2.45 1.05 1.99 13 1 5 -9.98
Annual 12/1/20 1.65 2.10 1.45 1.64 17 1 9 -5.34
Quarterly 3/1/20 0.33 0.38 0.28 0.33 13 1 6 -6.06
Quarterly 6/1/20 0.39 0.45 0.33 0.39 13 1 7 -6.33
Quarterly 9/1/20 0.44 0.50 0.37 0.44 13 1 6 -4.50
Quarterly 12/1/20 0.45 0.54 0.34 0.45 12 3 3 -3.89

Actuals - GAAP Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/19 -7.32 -7.18 -1.91
Annual 12/1/18 1.53 1.52 0.66
Annual 12/1/17 -1.08 0.97 -211.59
Quarterly 12/1/19 0.24 0.37 -35.14
Quarterly 9/1/19 -8.22 0.40 -2,135.37
Quarterly 6/1/19 0.35 0.35 0.29
Quarterly 3/1/19 0.30 0.31 -4.46

Reference Information - Net Debt

Last Actual (FY0): 13,127.00
FY0 End Date: 12/1/19
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 12/1/22 11,124.56 12,812.00 8,653.00 11,573.82 5 1 -- -0.38
Annual 12/1/21 12,422.42 13,765.00 10,402.00 12,626.00 13 3 5 -0.40
Annual 12/1/20 13,009.52 14,572.19 11,850.00 12,891.00 13 4 5 -2.16
Quarterly 3/1/20 13,867.33 14,292.00 13,647.00 13,663.00 3 1 1 -1.16
Quarterly 6/1/20 14,043.33 14,740.00 13,665.00 13,725.00 3 1 1 -0.24
Quarterly 9/1/20 13,880.00 14,448.00 13,312.00 13,880.00 2 -- 1 -2.01
Quarterly 12/1/20 13,423.00 13,647.00 13,199.00 13,423.00 2 -- 1 -5.02

Actuals - Net Debt

Reported Mean Estimate Surprise % Change
Annual 12/1/19 13,127.00 13,688.48 -4.10
Annual 12/1/18 13,274.00 14,530.73 -8.65
Annual 12/1/17 13,110.00 13,371.39 -1.95
Quarterly 12/1/19 13,127.00 13,692.00 -4.13
Quarterly 9/1/19 14,381.00 14,182.18 1.40
Quarterly 6/1/19 14,728.00 14,341.95 2.69
Quarterly 3/1/19 14,393.00 13,863.77 3.82

Reference Information - Net Income

Last Actual (FY0): 2,054.00
FY0 End Date: 12/1/19
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 12/1/22 2,797.41 3,560.64 1,268.00 3,180.50 4 -- 1 -4.79
Annual 12/1/21 2,715.92 3,548.00 1,455.00 2,778.00 21 4 10 -6.61
Annual 12/1/20 2,299.39 3,002.50 1,978.00 2,233.73 26 2 16 -4.49
Quarterly 3/1/20 445.47 581.60 366.00 429.00 17 2 6 -7.61
Quarterly 6/1/20 544.43 695.80 468.00 525.80 17 1 7 -5.00
Quarterly 9/1/20 641.97 816.90 515.90 636.50 16 2 5 -1.72
Quarterly 12/1/20 682.27 908.20 477.00 681.00 15 3 3 1.23

Actuals - Net Income

Reported Mean Estimate Surprise % Change
Annual 12/1/19 2,054.00 2,023.40 1.51
Annual 12/1/18 2,261.00 2,263.40 -0.11
Annual 12/1/17 2,085.00 2,021.86 3.12
Quarterly 12/1/19 545.00 515.45 5.73
Quarterly 9/1/19 596.00 563.06 5.85
Quarterly 6/1/19 492.00 487.48 0.93
Quarterly 3/1/19 421.00 419.53 0.35

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 12/1/22 -- -- -- -- -- -- -- --
Annual 12/1/21 -- -- -- -- -- -- -- --
Annual 12/1/20 -- -- -- -- -- -- -- --
Quarterly 12/1/20 -- -- -- -- -- -- -- --
Quarterly 9/1/20 -- -- -- -- -- -- -- --
Quarterly 6/1/20 -- -- -- -- -- -- -- --
Quarterly 3/1/20 -- -- -- -- -- -- -- --

Actuals - Operating Profit

Reported Mean Estimate Surprise % Change

Reference Information - Return On Equity

Last Actual (FY0): --
FY0 End Date: 12/1/19
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 12/1/22 15.00 15.00 15.00 15.00 1 -- -- --
Annual 12/1/21 11.51 14.00 8.70 11.90 8 -- -- -5.83
Annual 12/1/20 9.00 10.40 7.70 8.85 10 -- -- -5.01
Quarterly 3/1/20 7.10 7.10 7.10 7.10 1 -- -- --
Quarterly 6/1/20 7.20 7.20 7.20 7.20 1 -- -- --
Quarterly 9/1/20 8.70 8.70 8.70 8.70 1 -- -- --
Quarterly 12/1/20 8.80 8.80 8.80 8.80 1 -- -- --

Actuals - Return On Equity

Reported Mean Estimate Surprise % Change
Annual 12/1/18 6.19 6.12 0.07
Annual 12/1/17 5.35 4.73 0.62
Quarterly 9/1/19 7.98 5.96 2.02
Quarterly 6/1/19 5.47 5.57 -0.10
Quarterly 3/1/19 4.66 4.33 0.33

Reference Information - Sales

Last Actual (FY0): 32,917.00
FY0 End Date: 12/1/19
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 12/1/22 36,220.04 39,371.19 31,870.00 36,313.00 5 -- 1 -2.18
Annual 12/1/21 34,678.11 37,349.00 31,354.00 34,706.00 25 1 15 -2.55
Annual 12/1/20 32,921.10 35,137.00 31,706.45 32,739.00 29 2 19 -1.96
Quarterly 3/1/20 7,779.94 8,241.20 7,435.90 7,676.00 21 -- 14 -3.12
Quarterly 6/1/20 8,120.65 8,606.00 7,737.00 8,101.50 20 1 14 -2.19
Quarterly 9/1/20 8,444.90 9,043.00 8,091.46 8,434.90 19 3 11 -1.65
Quarterly 12/1/20 8,504.24 9,153.00 7,873.00 8,533.55 18 3 9 -1.91

Actuals - Sales

Reported Mean Estimate Surprise % Change
Annual 12/1/19 32,917.00 32,888.46 0.09
Annual 12/1/18 32,815.00 32,706.20 0.33
Annual 12/1/17 30,440.00 30,380.90 0.19
Quarterly 12/1/19 8,228.00 8,154.23 0.90
Quarterly 9/1/19 8,541.00 8,502.80 0.45
Quarterly 6/1/19 8,269.00 8,110.67 1.95
Quarterly 3/1/19 7,879.00 7,813.07 0.84

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