First Call Estimates

Analyst Ratings

Mean Recommendation:

2.27

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 (%): 5.57

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 2.67 3.18 2.17 2.69 8 -- 1 -2.42
Annual 12/1/20 2.17 3.16 1.52 2.20 32 -- 4 -0.78
Annual 12/1/19 1.55 1.81 1.36 1.55 32 1 2 -0.31
Quarterly 3/1/20 0.43 0.60 0.33 0.42 21 -- 3 -1.35
Quarterly 6/1/19 0.35 0.36 0.33 0.35 28 1 1 -0.08
Quarterly 9/1/19 0.42 0.50 0.35 0.42 28 1 2 -0.13
Quarterly 12/1/19 0.47 0.64 0.36 0.46 28 -- 2 -0.75
Long Term Growth 21.30 21.30 21.30 21.30 1 -- -- 0.00

Actuals - Earnings Per Share

Reported EPS 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 3/1/19 0.30 0.30 -0.47
Quarterly 12/1/18 0.36 0.36 1.23
Quarterly 9/1/18 0.46 0.45 1.40
Quarterly 6/1/18 0.43 0.43 0.88

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 26.18 26.76 25.54 26.22 4 -- 1 -0.38
Annual 12/1/20 25.69 26.92 25.20 25.68 10 -- 1 0.01
Annual 12/1/19 25.69 26.19 25.27 25.64 10 -- 1 0.02
Quarterly 3/1/20 25.72 26.26 25.45 25.55 5 -- 1 -0.04
Quarterly 6/1/19 25.88 26.17 25.61 25.91 6 -- 1 -0.04
Quarterly 9/1/19 25.80 26.05 25.59 25.76 6 -- 1 0.01
Quarterly 12/1/19 25.79 26.22 25.49 25.68 7 -- 1 0.06

Actuals - Book Value Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 26.13 -- --
Annual 12/1/17 26.90 -- --
Annual 12/1/16 29.86 -- --
Quarterly 3/1/19 26.37 -- --
Quarterly 12/1/18 26.13 -- --
Quarterly 9/1/18 26.38 -- --
Quarterly 6/1/18 26.36 -- --

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 5.11 5.67 4.74 5.02 4 -- -- --
Annual 12/1/20 4.52 5.12 2.88 4.71 13 -- 1 -0.10
Annual 12/1/19 3.91 4.36 2.18 4.07 13 1 -- 0.00
Quarterly 3/1/20 1.04 1.17 0.61 1.10 7 -- -- --
Quarterly 6/1/19 0.98 1.55 0.50 1.00 11 -- 1 -0.02
Quarterly 9/1/19 1.08 1.30 0.58 1.12 11 1 -- 0.02
Quarterly 12/1/19 1.22 1.76 0.65 1.16 11 -- -- --

Actuals - Cash Flow Per Share

Reported EPS 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 3/1/19 0.23 0.80 -71.19
Quarterly 12/1/18 1.67 1.09 53.10
Quarterly 9/1/18 1.31 1.16 13.04
Quarterly 6/1/18 0.71 1.09 -34.61

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 5 -- 1 -0.99
Annual 12/1/20 2.01 2.20 1.98 2.00 21 -- 1 -0.02
Annual 12/1/19 2.00 2.00 1.98 2.00 21 -- -- --
Quarterly 3/1/20 0.51 0.55 0.50 0.50 8 -- 1 -0.18
Quarterly 6/1/19 0.50 0.50 0.50 0.50 12 -- -- --
Quarterly 9/1/19 0.50 0.50 0.50 0.50 12 -- -- --
Quarterly 12/1/19 0.50 0.50 0.50 0.50 12 -- -- --

Actuals - Dividend Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 2.00 -- --
Annual 12/1/17 2.00 -- --
Annual 12/1/16 2.00 -- --
Quarterly 3/1/19 0.50 -- --
Quarterly 12/1/18 0.50 -- --
Quarterly 9/1/18 0.50 -- --
Quarterly 6/1/18 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 5,249.91 7,053.00 4,156.00 5,166.87 9 -- -- --
Annual 12/1/20 4,368.06 5,937.40 2,819.30 4,313.81 27 -- 2 -0.27
Annual 12/1/19 3,317.61 4,423.00 2,655.10 3,176.00 27 -- 1 -0.23
Quarterly 3/1/20 903.90 1,159.10 690.10 864.00 11 1 1 -0.42
Quarterly 6/1/19 761.35 1,012.00 662.20 730.00 21 -- 1 -0.21
Quarterly 9/1/19 885.06 1,188.00 671.70 871.00 21 -- 1 -0.08
Quarterly 12/1/19 970.34 1,315.00 679.20 937.24 21 -- 1 -0.45

Actuals - EBIT

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 3,191.00 -- --
Annual 12/1/17 2,902.00 -- --
Annual 12/1/16 2,485.00 -- --
Quarterly 3/1/19 642.00 -- --
Quarterly 12/1/18 716.00 -- --
Quarterly 9/1/18 934.00 -- --
Quarterly 6/1/18 835.00 -- --

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 8,488.59 9,246.20 7,768.00 8,321.68 7 -- -- --
Annual 12/1/20 7,759.10 9,429.00 6,431.30 7,716.00 29 1 2 -0.13
Annual 12/1/19 6,753.87 7,752.00 6,267.10 6,745.72 30 1 1 -0.03
Quarterly 3/1/20 1,752.75 2,032.10 1,593.10 1,758.50 16 -- 3 -0.46
Quarterly 6/1/19 1,624.84 1,662.00 1,565.20 1,624.00 23 2 1 -0.02
Quarterly 9/1/19 1,741.08 1,874.00 1,574.70 1,747.00 23 1 2 0.03
Quarterly 12/1/19 1,819.32 2,095.00 1,582.20 1,816.00 23 -- 3 -0.26

Actuals - EBITDA

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 6,747.00 -- --
Annual 12/1/17 6,739.00 -- --
Annual 12/1/16 6,579.00 -- --
Quarterly 3/1/19 1,545.00 -- --
Quarterly 12/1/18 1,635.00 -- --
Quarterly 9/1/18 1,821.00 -- --
Quarterly 6/1/18 1,732.00 -- --

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 2.76 3.18 2.13 2.85 5 -- -- --
Annual 12/1/20 2.20 3.16 1.52 2.24 20 -- 1 -0.23
Annual 12/1/19 1.56 1.81 1.36 1.57 20 1 -- -0.15
Quarterly 3/1/20 0.45 0.60 0.33 0.45 11 -- 1 -1.05
Quarterly 6/1/19 0.35 0.36 0.33 0.35 17 -- -- 0.03
Quarterly 9/1/19 0.43 0.50 0.35 0.43 17 1 -- 0.21
Quarterly 12/1/19 0.48 0.64 0.36 0.48 17 -- -- -0.61

Actuals - GAAP Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 1.53 -- --
Annual 12/1/17 -1.08 -- --
Annual 12/1/16 -1.24 -- --
Quarterly 3/1/19 0.30 -- --
Quarterly 12/1/18 0.39 -- --
Quarterly 9/1/18 0.46 -- --
Quarterly 6/1/18 0.31 -- --

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 12,339.37 13,542.85 10,528.85 12,830.74 5 -- 1 -0.05
Annual 12/1/20 12,759.60 14,305.26 11,161.00 12,665.94 12 -- 2 -0.80
Annual 12/1/19 13,559.70 15,349.25 12,029.00 13,477.82 13 -- 2 -0.60
Quarterly 3/1/20 13,619.48 14,362.00 12,299.00 13,908.46 4 -- 1 -0.02
Quarterly 6/1/19 14,314.57 15,417.00 13,541.00 14,197.03 6 1 1 0.02
Quarterly 9/1/19 13,954.41 14,950.00 13,323.00 13,817.65 6 -- 2 -0.29
Quarterly 12/1/19 13,535.96 15,616.00 12,029.00 13,477.82 7 -- 2 -2.07

Actuals - Net Debt

Reported EPS 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 3/1/19 14,393.00 13,863.77 3.82
Quarterly 12/1/18 13,274.00 14,648.91 -9.39
Quarterly 9/1/18 14,520.00 14,440.35 0.55
Quarterly 6/1/18 14,552.00 14,081.82 3.34

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 3,616.60 4,335.00 2,925.00 3,629.67 8 1 -- 0.00
Annual 12/1/20 3,016.80 4,367.80 2,133.50 3,093.00 27 2 2 -0.09
Annual 12/1/19 2,164.95 2,519.00 1,904.30 2,145.68 27 2 2 -0.07
Quarterly 3/1/20 621.14 826.90 509.10 614.70 11 1 2 -0.24
Quarterly 6/1/19 486.86 508.00 459.40 488.00 21 1 2 -0.01
Quarterly 9/1/19 588.05 703.00 491.20 593.00 21 2 2 0.23
Quarterly 12/1/19 658.24 898.00 509.80 642.00 21 1 2 -0.43

Actuals - Net Income

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 2,261.00 -- --
Annual 12/1/17 2,085.00 -- --
Annual 12/1/16 1,550.00 -- --
Quarterly 3/1/19 421.00 -- --
Quarterly 12/1/18 498.00 -- --
Quarterly 9/1/18 644.00 -- --
Quarterly 6/1/18 594.00 -- --

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 EPS 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 9.90 11.05 8.52 10.01 4 -- -- -9.31
Annual 12/1/20 8.20 10.00 6.10 8.32 12 -- -- -2.55
Annual 12/1/19 6.07 7.00 5.40 6.00 13 -- -- -1.07
Quarterly 3/1/20 6.82 7.70 5.60 7.17 3 -- -- 0.10
Quarterly 6/1/19 5.57 5.70 5.40 5.60 3 -- -- 19.14
Quarterly 9/1/19 5.89 6.56 5.30 5.80 3 -- -- 19.83
Quarterly 12/1/19 6.64 7.62 5.40 6.90 3 -- -- 21.22

Actuals - Return On Equity

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 6.19 -- --
Annual 12/1/17 5.35 -- --
Annual 12/1/16 4.04 -- --
Quarterly 3/1/19 4.66 -- --
Quarterly 12/1/18 5.48 -- --
Quarterly 9/1/18 7.00 -- --
Quarterly 6/1/18 6.44 -- --

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 38,994.85 41,063.45 36,084.58 38,916.98 8 -- 1 -0.35
Annual 12/1/20 36,442.45 40,173.90 33,979.00 36,467.00 28 1 3 -0.10
Annual 12/1/19 33,384.96 34,739.00 32,340.00 33,335.50 28 1 2 -0.17
Quarterly 3/1/20 8,594.79 9,287.40 8,290.00 8,503.70 14 -- 2 -0.38
Quarterly 6/1/19 8,123.40 8,244.40 8,023.00 8,114.50 22 -- 1 -0.00
Quarterly 9/1/19 8,554.49 8,868.00 8,281.20 8,553.30 22 1 1 0.08
Quarterly 12/1/19 8,814.57 9,492.00 8,373.40 8,727.00 22 1 1 -0.08

Actuals - Sales

Reported EPS 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 3/1/19 7,879.00 7,813.07 0.84
Quarterly 12/1/18 8,180.00 8,036.27 1.79
Quarterly 9/1/18 8,504.00 8,584.33 -0.94
Quarterly 6/1/18 8,303.00 8,361.82 -0.70

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