What Parker-Hannifin’s latest earnings and guidance signal for investors

Parker-Hannifin (PH) reported fourth quarter and full year results on August 6, 2026, alongside guidance for fiscal 2027. The update combined higher recent earnings with company expectations for further sales and EPS growth.

Fourth quarter sales were US$5.76b compared with US$5.24b a year earlier. Net income was US$1.09b versus US$923m. Basic EPS from continuing operations was US$8.66 compared with US$7.25, while diluted EPS was US$8.54 versus US$7.15.

For the full fiscal year ended June 30, 2026, Parker-Hannifin reported sales of US$21.50b compared with US$19.85b a year earlier. Net income was US$3.65b versus US$3.53b. Basic EPS from continuing operations was US$28.89 compared with US$27.52, while diluted EPS was US$28.48 versus US$27.12.

Alongside these results, the company provided guidance for the fiscal year ending June 30, 2027. Management expects reported sales growth of 5.5% to 8.5% and EPS in a range of US$30.00 to US$31.00. This guidance gives investors a reference point for near term expectations.

Following the earnings release and 2027 guidance on 6 August 2026, Parker-Hannifin’s share price has moved to US$1,069.52, with a 30 day share price return of 12.43% and a 1 year total shareholder return of 41.57%. This points to strong momentum building off both recent results and the longer term track record.

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Parker-Hannifin’s results and guidance are now reflected in a share price above US$1,000 and a strong 1 year return. The question is whether valuation still leaves meaningful upside or if most of the move is already in the rear view mirror.

Most Popular Narrative: 3.6% Overvalued

The most followed narrative currently puts Parker-Hannifin’s fair value at $1,032.24, slightly below the last close of $1,069.52. This difference frames today’s premium.

The analysts have a consensus price target of $1032.24 for Parker-Hannifin based on their expectations of its future earnings growth, profit margins and other risk factors.

We always encourage you to reach your own conclusions though. So sense check these analyst numbers against your own assumptions and expectations based on your understanding of the business and what you believe is probable. Read the complete narrative.

Want to see what really sits behind that fair value for Parker-Hannifin? The narrative focuses on steady revenue expansion, firmer margins and a richer future earnings multiple.

Result: Fair Value of $1,032.24 (OVERVALUED)

However, Parker-Hannifin’s heavier reliance on aerospace and the integration risks around the Curtis Instruments acquisition could still challenge this valuation narrative if earnings disappoint.

Next Steps

With sentiment on Parker-Hannifin split between opportunity and concern, it makes sense to move quickly and review the data for yourself. Weigh the upside against the risks and use the 2 key rewards and 1 important warning sign

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.