Analysts were expecting Emerson Electric Co. (EMR) [Chart - News - Analysis] to report earnings of $0.60 for last quarter, but EMR beat expectations with actual earnings of $0.67---7 cents above the consensus estimate.

If you compare last quarter's earnings to the $0.88 the company made per share during the same quarter a year ago, you can see that EMR’s earnings are down this year.

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Also, if you compare EMR's 11.50% projected earnings-per-share (EPS) growth rate for the next five years with the projected EPS growth rate of 11.34% for the Industrial Equipment & Components industry as a whole during that same time frame, you can see that analysts expect EMR to outperform the industry in the future---which is a good sign for the stock.

Drilling down a little deeper into the Industrial Equipment & Components industry, you can see how analysts believe EMR will stack up against some of the other stocks in the industry, like Roper Industries Inc. (ROP) [Chart - News - Analysis] and Parker Hannifin Corporation (PH) [Chart - News - Analysis], in the future. Analysts believe ROP's earnings are going to grow at a rate of 11.50% while PH's earnings are going to grow at a rate of 9.67%.

Earnings season can be a volatile time in the stock market. Check out these videos and articles to be better prepared to take advantage of the large price moves that tend to accompany earnings announcements.

- Earnings Season is Here - Find Out How to Trade It

- Using Options to Trade Earnings

- Understanding Stock Analyst Research and Recommendations

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