On July 30, Rockwell Automation rose 3.02% in regular trading, trading at $473.3/share, with turnover of $49.66 million. The gain was driven by a broad rebound across the electrical equipment sector coupled with positive expectations ahead of the company's upcoming quarterly earnings report.

Rockwell Automation is scheduled to release its fiscal Q3 results on August 4. Market consensus expects revenue of $2.243 billion, representing 8.62% year-over-year growth, with adjusted EPS of $3.38, up 26.41% year-over-year. The strong earnings outlook follows a robust Q2 performance in which the company reported adjusted EPS of $3.30, beating the $2.89 estimate by over 14%, and subsequently raised its full-year adjusted EPS guidance to $12.50-$13.10, well above the prior consensus of $12.14.

Within the Electrical Components & Equipment sector, peers posted broad gains: nVent Electric up 8.61%, Eaton up 5.92%, Vertiv Holdings up 4.33%, and Hubbell up 2.48%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)