First Call Estimates

Analyst Ratings

Mean Recommendation:

2.21

Sell

Strong Buy

Available Measures

Reference Information - Earnings Per Share

Last Actual (FY0): 1.62
FY0 End Date: 12/1/18
Ind. Annual Div: 2.00
Hist (5 Yr) Growth %: -21.36
Yield (%): 6.19

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 2.22 2.75 1.48 2.22 20 1 6 -6.57
Annual 12/1/20 1.79 2.16 1.38 1.78 35 1 20 -7.44
Annual 12/1/19 1.47 1.57 1.38 1.47 35 1 16 -2.27
Quarterly 3/1/20 0.36 0.43 0.26 0.37 25 1 12 -7.48
Quarterly 6/1/20 0.42 0.50 0.34 0.42 25 -- 14 -7.04
Quarterly 9/1/20 0.47 0.59 0.36 0.48 22 -- 12 -7.68
Quarterly 12/1/19 0.39 0.44 0.31 0.40 29 1 17 -6.84
Long Term Growth 15.04 20.10 9.98 15.04 2 -- -- 0.00

Actuals - Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 1.62 1.63 -0.66
Annual 12/1/17 1.50 1.46 2.89
Annual 12/1/16 1.14 1.15 -1.14
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
Quarterly 12/1/18 0.36 0.36 1.23

Reference Information - Book Value Per Share

Last Actual (FY0): 26.13
FY0 End Date: 12/1/18
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 24.54 29.16 15.95 25.07 8 -- 3 -5.18
Annual 12/1/20 24.67 28.67 16.46 25.15 10 -- 4 -3.77
Annual 12/1/19 25.17 28.60 17.28 25.57 11 -- 3 -3.00
Quarterly 3/1/20 23.32 25.55 17.00 25.36 4 -- 2 -8.58
Quarterly 6/1/20 23.16 25.39 16.79 25.24 4 -- 2 -8.86
Quarterly 9/1/20 23.05 25.28 16.63 25.15 4 -- 2 -9.15
Quarterly 12/1/19 24.42 25.68 17.31 25.59 7 -- 2 -4.74

Actuals - Book Value Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 26.13 26.29 -0.61
Annual 12/1/17 26.90 28.45 -5.42
Annual 12/1/16 29.86 30.39 -1.76
Quarterly 6/1/19 25.92 25.89 0.13
Quarterly 3/1/19 26.01 25.99 0.09
Quarterly 12/1/18 26.13 26.30 -0.64

Reference Information - Cash Flow Per Share

Last Actual (FY0): 4.12
FY0 End Date: 12/1/18
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 12/1/21 4.59 5.47 3.99 4.49 9 1 2 -2.14
Annual 12/1/20 4.18 5.00 2.41 4.31 13 -- 8 -5.16
Annual 12/1/19 3.78 4.39 2.12 3.97 13 3 4 -0.87
Quarterly 3/1/20 0.90 1.13 0.46 0.99 8 1 2 -10.90
Quarterly 6/1/20 1.03 1.15 0.77 1.09 8 -- 3 -9.33
Quarterly 9/1/20 1.15 1.40 1.00 1.15 7 -- 3 -6.23
Quarterly 12/1/19 1.09 1.56 0.58 1.08 11 2 4 -3.50

Actuals - Cash Flow Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 4.12 3.76 9.53
Annual 12/1/17 4.08 3.96 3.12
Annual 12/1/16 4.61 4.18 10.36
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
Quarterly 12/1/18 1.67 1.09 53.10

Reference Information - Dividend Per Share

Last Actual (FY0): 2.00
FY0 End Date: 12/1/18
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 12/1/21 2.00 2.00 2.00 2.00 10 -- -- 0.00
Annual 12/1/20 2.00 2.00 2.00 2.00 19 -- -- --
Annual 12/1/19 2.00 2.00 1.99 2.00 19 -- -- --
Quarterly 3/1/20 0.50 0.50 0.50 0.50 8 -- -- --
Quarterly 6/1/20 0.50 0.50 0.50 0.50 8 -- -- --
Quarterly 9/1/20 0.50 0.50 0.50 0.50 8 -- -- --
Quarterly 12/1/19 0.50 0.50 0.50 0.50 11 -- -- --

Actuals - Dividend Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 2.00 2.00 0.00
Annual 12/1/17 2.00 2.00 0.15
Annual 12/1/16 2.00 1.98 1.12
Quarterly 9/1/19 0.50 0.50 --
Quarterly 6/1/19 0.50 0.50 --
Quarterly 3/1/19 0.50 0.50 --
Quarterly 12/1/18 0.50 0.50 --

Reference Information - EBIT

Last Actual (FY0): 3,191.00
FY0 End Date: 12/1/18
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 12/1/21 4,423.66 5,861.00 3,073.00 4,611.50 17 1 6 -3.46
Annual 12/1/20 3,722.76 4,977.00 2,926.00 3,633.00 27 1 16 -5.59
Annual 12/1/19 3,055.23 4,075.00 2,885.00 3,031.02 24 3 10 -2.88
Quarterly 3/1/20 760.06 886.00 592.00 757.00 13 -- 8 -9.67
Quarterly 6/1/20 858.75 1,041.00 722.00 853.74 13 -- 8 -9.28
Quarterly 9/1/20 959.30 1,215.00 755.00 963.23 12 -- 8 -9.26
Quarterly 12/1/19 840.71 1,131.00 655.00 813.00 21 1 12 -4.98

Actuals - EBIT

Reported Mean Estimate Surprise % Change
Annual 12/1/18 3,191.00 3,341.99 -4.52
Annual 12/1/17 2,902.00 2,996.98 -3.17
Annual 12/1/16 2,485.00 2,392.34 3.87
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
Quarterly 12/1/18 716.00 774.27 -7.53

Reference Information - EBITDA

Last Actual (FY0): 6,747.00
FY0 End Date: 12/1/18
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 12/1/21 7,711.36 8,585.00 6,778.00 7,728.33 18 2 7 -3.65
Annual 12/1/20 7,102.67 7,929.00 6,294.00 7,149.51 30 -- 22 -4.29
Annual 12/1/19 6,646.56 6,821.00 6,381.25 6,661.50 30 3 16 -1.19
Quarterly 3/1/20 1,634.95 1,801.00 1,421.00 1,663.56 18 -- 13 -4.91
Quarterly 6/1/20 1,727.10 1,840.00 1,575.00 1,751.02 18 -- 13 -4.87
Quarterly 9/1/20 1,824.87 1,961.60 1,656.00 1,853.00 17 -- 13 -4.91
Quarterly 12/1/19 1,697.06 1,808.00 1,486.00 1,729.87 24 1 14 -3.86

Actuals - EBITDA

Reported Mean Estimate Surprise % Change
Annual 12/1/18 6,747.00 6,793.96 -0.69
Annual 12/1/17 6,739.00 6,807.66 -1.01
Annual 12/1/16 6,579.00 6,472.73 1.64
Quarterly 9/1/19 1,781.00 1,734.76 2.67
Quarterly 6/1/19 1,662.00 1,624.13 2.33
Quarterly 3/1/19 1,545.00 1,539.88 0.33
Quarterly 12/1/18 1,635.00 1,623.33 0.72

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 1.53
FY0 End Date: 12/1/18
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 12/1/21 2.20 2.75 1.48 2.23 12 2 2 -3.32
Annual 12/1/20 1.83 2.16 1.38 1.84 25 2 13 -6.72
Annual 12/1/19 1.11 1.55 -7.17 1.47 24 -- 10 -26.15
Quarterly 3/1/20 0.37 0.43 0.26 0.37 16 1 4 -7.18
Quarterly 6/1/20 0.42 0.50 0.34 0.43 16 -- 6 -8.59
Quarterly 9/1/20 0.48 0.59 0.36 0.49 15 -- 5 -8.81
Quarterly 12/1/19 0.40 0.45 0.31 0.41 21 1 9 -5.83

Actuals - GAAP Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 1.53 1.52 0.66
Annual 12/1/17 -1.08 0.97 -211.59
Annual 12/1/16 -1.24 -0.78 -59.71
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
Quarterly 12/1/18 0.39 0.36 8.15

Reference Information - Net Debt

Last Actual (FY0): 13,274.00
FY0 End Date: 12/1/18
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 12/1/21 12,698.28 14,732.66 10,997.03 12,520.00 11 4 1 2.48
Annual 12/1/20 13,232.24 14,520.04 11,516.00 13,255.00 13 7 1 1.71
Annual 12/1/19 13,627.92 15,021.94 12,612.61 13,545.18 13 4 4 0.47
Quarterly 3/1/20 14,515.90 14,675.09 14,428.00 14,444.61 3 2 -- 2.63
Quarterly 6/1/20 14,526.65 14,621.43 14,390.51 14,568.00 3 2 -- 3.76
Quarterly 9/1/20 14,355.50 14,556.96 14,165.00 14,344.53 3 2 -- 4.98
Quarterly 12/1/19 13,637.56 14,698.64 12,635.00 13,566.00 7 2 2 0.67

Actuals - Net Debt

Reported Mean Estimate Surprise % Change
Annual 12/1/18 13,274.00 14,530.73 -8.65
Annual 12/1/17 13,110.00 13,371.39 -1.95
Annual 12/1/16 10,359.00 13,344.47 -22.37
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
Quarterly 12/1/18 13,274.00 14,648.91 -9.39

Reference Information - Net Income

Last Actual (FY0): 2,261.00
FY0 End Date: 12/1/18
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 12/1/21 3,066.67 3,940.00 2,031.00 3,088.58 17 1 5 -4.89
Annual 12/1/20 2,527.86 3,030.00 1,910.00 2,494.00 28 2 16 -6.93
Annual 12/1/19 2,041.69 2,131.00 1,931.00 2,056.50 26 1 14 -2.28
Quarterly 3/1/20 504.14 603.00 366.00 514.00 13 -- 8 -11.33
Quarterly 6/1/20 585.80 695.80 470.00 583.00 13 -- 8 -10.66
Quarterly 9/1/20 666.74 816.90 497.00 682.47 12 1 7 -10.61
Quarterly 12/1/19 556.57 648.00 423.00 561.00 21 1 11 -6.09

Actuals - Net Income

Reported Mean Estimate Surprise % Change
Annual 12/1/18 2,261.00 2,263.40 -0.11
Annual 12/1/17 2,085.00 2,021.86 3.12
Annual 12/1/16 1,550.00 1,574.71 -1.57
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
Quarterly 12/1/18 498.00 496.77 0.25

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 12/1/20 4,709.15 4,709.15 4,709.15 4,709.15 1 -- -- --
Annual 12/1/19 4,054.51 4,054.51 4,054.51 4,054.51 1 -- -- --

Actuals - Operating Profit

Reported Mean Estimate Surprise % Change

Reference Information - Return On Equity

Last Actual (FY0): 6.19
FY0 End Date: 12/1/18
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 12/1/21 8.81 12.60 6.50 8.68 8 -- -- 4.74
Annual 12/1/20 7.28 10.50 5.90 7.00 11 -- -- -1.40
Annual 12/1/19 5.76 6.70 5.03 5.71 12 -- -- -0.96
Quarterly 3/1/20 5.86 5.90 5.82 5.86 2 -- -- -3.54
Quarterly 6/1/20 6.47 6.84 6.10 6.47 2 -- -- -4.36
Quarterly 9/1/20 6.89 7.57 6.20 6.89 2 -- -- -5.62
Quarterly 12/1/19 5.98 6.25 5.60 6.10 3 -- -- -0.72

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
Annual 12/1/16 4.04 2.59 1.45
Quarterly 6/1/19 5.47 5.57 -0.10
Quarterly 3/1/19 4.66 4.33 0.33
Quarterly 12/1/18 5.48 6.05 -0.57

Reference Information - Sales

Last Actual (FY0): 32,815.00
FY0 End Date: 12/1/18
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 12/1/21 36,644.01 39,135.00 33,117.00 36,992.83 18 -- 6 -2.38
Annual 12/1/20 34,601.46 36,575.00 32,352.73 34,873.75 30 -- 18 -2.66
Annual 12/1/19 33,134.29 33,545.00 32,698.00 33,155.00 30 -- 17 -0.68
Quarterly 3/1/20 8,233.81 8,685.50 7,715.77 8,268.10 18 -- 8 -2.58
Quarterly 6/1/20 8,497.43 8,846.00 7,983.96 8,520.89 18 -- 8 -2.99
Quarterly 9/1/20 8,785.06 9,268.00 8,362.00 8,773.61 16 -- 8 -3.44
Quarterly 12/1/19 8,456.39 8,710.10 8,009.00 8,471.00 24 -- 14 -1.95

Actuals - Sales

Reported Mean Estimate Surprise % Change
Annual 12/1/18 32,815.00 32,706.20 0.33
Annual 12/1/17 30,440.00 30,380.90 0.19
Annual 12/1/16 27,810.00 27,798.98 0.04
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
Quarterly 12/1/18 8,180.00 8,036.27 1.79

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