First Call Estimates

Analyst Ratings

Mean Recommendation:

2.03

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 (%): 5.53

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 2.15 2.56 1.57 2.15 18 -- 5 0.52
Annual 12/1/20 1.72 2.16 1.43 1.71 30 1 10 -0.80
Annual 12/1/19 1.46 1.50 1.39 1.47 30 5 7 -0.10
Quarterly 3/1/20 0.35 0.43 0.26 0.35 24 2 6 -0.41
Quarterly 6/1/20 0.41 0.50 0.36 0.41 24 2 5 -0.49
Quarterly 9/1/20 0.46 0.59 0.37 0.45 24 -- 6 -0.94
Quarterly 12/1/19 0.38 0.42 0.31 0.38 26 1 7 -0.48
Long Term Growth 11.30 13.80 8.80 11.30 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 16.51 17.19 15.95 16.44 5 -- 2 -23.18
Annual 12/1/20 16.65 16.90 16.39 16.69 7 -- 3 -22.14
Annual 12/1/19 18.33 26.25 16.96 17.23 8 1 2 -17.81
Quarterly 3/1/20 17.09 17.18 17.00 17.09 2 -- -- -13.87
Quarterly 6/1/20 16.91 17.02 16.79 16.91 2 -- -- -14.12
Quarterly 9/1/20 16.76 16.89 16.63 16.76 2 -- -- -14.32
Quarterly 12/1/19 17.29 17.52 17.13 17.31 5 -- 1 -19.56

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 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
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 4.25 5.26 2.93 4.08 7 -- 2 -1.78
Annual 12/1/20 4.06 4.67 3.77 3.96 9 -- 3 -5.15
Annual 12/1/19 3.75 4.35 1.89 3.97 9 -- 2 0.84
Quarterly 3/1/20 0.77 1.02 0.36 0.89 6 -- 2 -4.32
Quarterly 6/1/20 0.95 1.08 0.75 0.96 5 -- 2 -6.06
Quarterly 9/1/20 0.97 1.13 0.63 1.01 6 -- 2 -8.59
Quarterly 12/1/19 0.98 1.31 0.53 1.04 7 -- 2 -6.31

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 -- -- -0.01
Annual 12/1/20 2.00 2.00 2.00 2.00 16 -- -- -0.01
Annual 12/1/19 2.00 2.00 1.99 2.00 17 -- -- -0.01
Quarterly 3/1/20 0.50 0.50 0.50 0.50 9 -- -- --
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 9 -- -- --
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 4,396.40 5,747.00 3,236.00 4,350.00 15 -- 3 0.51
Annual 12/1/20 3,604.32 4,923.00 3,005.00 3,502.01 22 -- 6 -0.29
Annual 12/1/19 3,011.05 3,053.40 2,885.00 3,018.50 18 1 4 -1.75
Quarterly 3/1/20 765.93 973.00 592.00 752.40 14 -- 2 0.11
Quarterly 6/1/20 869.03 1,131.00 751.10 833.04 14 -- 2 -0.22
Quarterly 9/1/20 971.24 1,215.00 764.40 941.00 13 -- 2 0.67
Quarterly 12/1/19 816.53 1,115.00 655.00 789.00 19 -- 4 -1.09

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 7,416.54 8,151.00 6,636.26 7,481.61 15 1 2 -0.57
Annual 12/1/20 6,765.79 7,534.00 6,294.00 6,690.06 25 1 7 -0.99
Annual 12/1/19 6,596.79 6,684.00 6,457.00 6,601.90 23 1 6 -0.17
Quarterly 3/1/20 1,563.20 1,681.80 1,421.00 1,566.64 16 -- 5 -1.68
Quarterly 6/1/20 1,669.29 1,818.10 1,575.00 1,650.67 16 -- 5 -1.12
Quarterly 9/1/20 1,763.37 1,961.60 1,637.00 1,736.36 16 -- 5 -1.19
Quarterly 12/1/19 1,617.81 1,698.60 1,486.00 1,626.00 19 -- 6 -1.76

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 1,765.00 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
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 2.16 2.48 1.70 2.27 7 -- 2 0.07
Annual 12/1/20 1.73 2.16 1.43 1.71 15 -- 4 -2.60
Annual 12/1/19 -7.13 -7.00 -7.18 -7.15 7 -- 2 -187.12
Quarterly 3/1/20 0.36 0.43 0.26 0.35 13 -- 3 -2.33
Quarterly 6/1/20 0.41 0.50 0.36 0.40 13 -- 3 -2.04
Quarterly 9/1/20 0.46 0.59 0.37 0.45 13 -- 3 -2.15
Quarterly 12/1/19 0.38 0.42 0.31 0.38 14 -- 3 -3.76

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 12,582.62 13,931.00 10,913.44 13,234.63 9 1 1 -1.67
Annual 12/1/20 13,287.00 14,295.00 11,689.00 13,416.00 11 2 1 0.67
Annual 12/1/19 13,651.29 14,633.50 12,602.55 13,649.00 11 2 1 0.12
Quarterly 3/1/20 13,753.50 14,428.00 13,079.00 13,753.50 2 -- -- -2.18
Quarterly 6/1/20 13,812.00 14,568.00 13,056.00 13,812.00 2 -- -- -1.92
Quarterly 9/1/20 14,165.00 14,165.00 14,165.00 14,165.00 1 -- -- -1.36
Quarterly 12/1/19 13,654.50 14,247.00 12,827.00 13,607.50 6 1 -- -0.91

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 2,967.66 3,548.00 2,141.00 2,955.00 15 -- 3 0.69
Annual 12/1/20 2,397.94 3,002.50 1,986.00 2,398.05 23 -- 6 -0.32
Annual 12/1/19 2,032.44 2,089.00 1,931.00 2,034.00 22 1 5 -0.04
Quarterly 3/1/20 484.27 581.60 366.00 488.00 13 -- 2 0.02
Quarterly 6/1/20 575.78 695.80 498.00 566.00 13 -- 2 0.70
Quarterly 9/1/20 655.45 816.90 515.90 671.05 12 -- 2 1.31
Quarterly 12/1/19 526.13 580.00 423.00 531.43 19 -- 4 -1.41

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 12/1/21 -- -- -- -- -- -- -- --
Annual 12/1/20 -- -- -- -- -- -- -- --
Annual 12/1/19 -- -- -- -- -- -- -- --
Quarterly 9/1/20 -- -- -- -- -- -- -- --
Quarterly 6/1/20 -- -- -- -- -- -- -- --
Quarterly 3/1/20 -- -- -- -- -- -- -- --
Quarterly 12/1/19 -- -- -- -- -- -- -- --

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 12.74 14.00 10.20 12.83 6 -- -- 17.54
Annual 12/1/20 9.78 12.00 7.30 9.96 8 -- -- 11.69
Annual 12/1/19 7.01 9.00 6.70 6.76 9 -- -- 6.01
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 12/1/19 7.85 8.80 6.90 7.85 2 -- -- --

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 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
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 35,793.58 37,607.00 32,634.00 36,165.00 18 -- 4 0.10
Annual 12/1/20 33,597.46 35,336.30 31,674.48 33,681.76 26 -- 7 -0.27
Annual 12/1/19 32,892.34 33,200.00 32,586.22 32,854.44 26 -- 6 -0.16
Quarterly 3/1/20 8,051.73 8,429.00 7,498.11 8,073.75 18 -- 2 -0.08
Quarterly 6/1/20 8,322.85 8,846.00 7,772.77 8,288.70 18 -- 2 -0.15
Quarterly 9/1/20 8,602.52 9,117.00 8,009.70 8,632.00 17 -- 3 -0.09
Quarterly 12/1/19 8,191.92 8,470.00 7,897.22 8,140.00 21 -- 4 -0.80

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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