First Call Estimates

Analyst Ratings

Mean Recommendation:

2.26

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 (%): 6.11

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 2.44 2.85 1.92 2.49 11 -- 7 -6.56
Annual 12/1/20 1.97 2.60 1.40 1.96 34 5 25 -5.43
Annual 12/1/19 1.51 1.81 1.38 1.50 34 9 22 -1.87
Quarterly 3/1/20 0.39 0.46 0.33 0.40 20 2 15 -6.13
Quarterly 6/1/20 0.46 0.58 0.40 0.45 19 2 12 -6.43
Quarterly 9/1/19 0.41 0.42 0.37 0.41 28 9 13 -1.65
Quarterly 12/1/19 0.43 0.52 0.36 0.42 28 4 20 -6.58
Long Term Growth 15.34 20.70 9.98 15.34 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 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
Quarterly 9/1/18 0.46 0.45 1.40

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 29.16 25.15 25.69 6 -- 3 0.78
Annual 12/1/20 25.74 28.67 25.08 25.28 11 3 5 0.54
Annual 12/1/19 25.96 28.60 25.51 25.67 12 3 5 0.96
Quarterly 3/1/20 25.58 25.88 25.39 25.55 5 -- 3 -0.55
Quarterly 6/1/20 25.51 25.88 25.29 25.39 5 -- 3 -0.66
Quarterly 9/1/19 25.79 25.94 25.59 25.81 8 2 2 -0.03
Quarterly 12/1/19 25.68 25.97 25.51 25.66 8 1 4 -0.25

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
Quarterly 9/1/18 26.38 26.35 0.12

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 4.84 5.33 4.49 4.82 6 -- 3 -8.09
Annual 12/1/20 4.46 5.00 2.88 4.67 14 7 5 -0.74
Annual 12/1/19 3.85 4.40 2.18 4.05 14 5 7 -2.46
Quarterly 3/1/20 1.02 1.12 0.62 1.07 7 3 3 -2.07
Quarterly 6/1/20 1.14 1.18 1.07 1.15 7 2 3 2.06
Quarterly 9/1/19 1.14 1.88 0.58 1.08 12 5 4 5.59
Quarterly 12/1/19 1.14 1.61 0.65 1.14 12 3 6 -5.37

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 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
Quarterly 9/1/18 1.31 1.16 13.04

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 6 -- -- 0.02
Annual 12/1/20 2.00 2.00 2.00 2.00 20 2 1 -0.42
Annual 12/1/19 2.00 2.00 1.99 2.00 20 1 1 0.03
Quarterly 3/1/20 0.50 0.50 0.50 0.50 8 -- 1 -1.23
Quarterly 6/1/20 0.50 0.50 0.50 0.50 8 -- 1 -1.23
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 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 6/1/19 0.50 0.50 --
Quarterly 3/1/19 0.50 0.50 --
Quarterly 12/1/18 0.50 0.50 --
Quarterly 9/1/18 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 4,642.27 5,421.00 3,913.97 4,679.84 12 1 7 -6.91
Annual 12/1/20 4,002.86 5,261.00 3,059.90 3,900.00 28 5 20 -4.90
Annual 12/1/19 3,148.40 4,104.00 2,890.00 3,060.46 26 5 19 -3.00
Quarterly 3/1/20 839.63 1,057.00 749.30 822.00 11 1 9 -5.00
Quarterly 6/1/20 949.74 1,163.00 757.70 948.60 11 3 7 -4.41
Quarterly 9/1/19 843.78 1,084.00 740.60 827.65 21 10 9 -2.77
Quarterly 12/1/19 879.61 1,144.00 748.50 849.00 21 4 16 -6.58

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 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
Quarterly 9/1/18 934.00 937.46 -0.37

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 8,180.44 8,747.50 7,751.63 8,089.15 11 1 7 -1.62
Annual 12/1/20 7,506.14 9,148.00 6,671.90 7,483.11 31 13 16 -1.16
Annual 12/1/19 6,742.57 7,752.00 6,424.00 6,732.20 31 18 11 0.31
Quarterly 3/1/20 1,721.64 1,849.00 1,632.03 1,725.00 17 7 8 -0.34
Quarterly 6/1/20 1,823.73 2,051.70 1,660.70 1,833.00 17 7 8 -0.92
Quarterly 9/1/19 1,742.42 1,776.00 1,643.60 1,749.00 25 15 8 0.82
Quarterly 12/1/19 1,773.28 1,896.00 1,651.50 1,763.07 25 12 11 -1.16

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 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
Quarterly 9/1/18 1,821.00 1,792.83 1.57

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 2.40 2.75 2.03 2.49 7 -- 4 -9.81
Annual 12/1/20 2.01 2.60 1.62 1.97 25 3 12 -5.00
Annual 12/1/19 1.51 1.81 1.44 1.50 25 5 10 -2.13
Quarterly 3/1/20 0.40 0.46 0.33 0.40 14 1 5 -7.11
Quarterly 6/1/20 0.47 0.58 0.40 0.47 14 1 5 -6.46
Quarterly 9/1/19 0.41 0.42 0.38 0.41 21 5 6 -1.92
Quarterly 12/1/19 0.43 0.52 0.39 0.43 21 2 11 -6.51

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 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
Quarterly 9/1/18 0.46 0.47 -1.41

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 12,425.07 14,465.50 11,637.73 12,233.36 8 2 4 2.25
Annual 12/1/20 13,049.36 14,361.25 11,252.00 13,162.50 14 6 6 1.65
Annual 12/1/19 13,601.53 14,889.61 12,527.00 13,538.00 14 9 3 0.37
Quarterly 3/1/20 14,304.28 14,785.00 13,309.00 14,561.57 4 3 -- 5.03
Quarterly 6/1/20 14,187.76 14,749.00 13,066.00 14,468.03 4 3 -- 5.83
Quarterly 9/1/19 14,322.65 15,183.00 13,787.00 14,118.50 8 6 -- 2.79
Quarterly 12/1/19 13,614.10 14,699.71 12,527.00 13,548.50 8 6 1 3.07

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 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
Quarterly 9/1/18 14,520.00 14,440.35 0.55

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 3,337.09 3,976.00 2,676.52 3,407.21 11 -- 7 -5.75
Annual 12/1/20 2,762.49 3,628.00 2,266.40 2,728.55 28 5 20 -3.51
Annual 12/1/19 2,096.86 2,519.00 2,003.50 2,079.00 27 8 17 -1.91
Quarterly 3/1/20 568.78 646.00 515.00 560.40 11 2 8 -6.00
Quarterly 6/1/20 659.85 811.40 552.70 658.00 11 3 7 -5.21
Quarterly 9/1/19 569.97 585.00 536.00 572.00 21 10 10 -1.24
Quarterly 12/1/19 600.39 718.00 546.00 598.00 21 5 14 -6.04

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 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
Quarterly 9/1/18 644.00 629.58 2.29

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 8.84 10.00 7.53 9.14 6 -- -- -8.02
Annual 12/1/20 7.56 10.00 6.21 7.50 13 -- -- -5.41
Annual 12/1/19 5.83 7.00 5.03 5.79 14 -- -- -3.10
Quarterly 3/1/20 6.22 6.50 5.90 6.25 3 -- -- -8.89
Quarterly 6/1/20 6.88 7.43 6.10 7.10 3 -- -- -9.56
Quarterly 9/1/19 5.85 6.30 5.40 5.85 4 -- -- -0.62
Quarterly 12/1/19 6.05 6.38 5.60 6.10 4 -- -- -8.96

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
Quarterly 9/1/18 7.00 6.82 0.18

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 38,130.88 39,407.76 35,019.78 38,645.00 11 3 5 -0.81
Annual 12/1/20 35,824.58 38,602.00 33,898.52 35,802.00 29 9 18 -0.42
Annual 12/1/19 33,385.53 34,739.00 32,971.02 33,345.70 29 19 8 0.44
Quarterly 3/1/20 8,457.72 8,820.60 8,151.00 8,407.05 14 4 8 -0.71
Quarterly 6/1/20 8,772.10 9,371.80 8,414.46 8,758.00 13 4 7 -1.02
Quarterly 9/1/19 8,534.72 8,659.30 8,433.10 8,527.00 23 15 6 0.43
Quarterly 12/1/19 8,645.06 9,075.70 8,291.99 8,616.26 23 10 11 -0.95

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 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
Quarterly 9/1/18 8,504.00 8,584.33 -0.94

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