ITT Inc expected to post earnings of $1.24 a share - Earnings Preview

ITT

07/02/2023 14:09

* ITT Inc  ITT.N   ITT  is expected to show a rise in
quarterly
revenue when it reports  results on February 9. 
    * The Stamford Connecticut-based  company is expected to
report  a
12.0% increase in revenue to $767.544 million from $685.4
million a year ago, according to the mean estimate from 11
analysts, based on Refinitiv data. The company's guidance on
November 3 2022, for the period ended December 31, was for
revenue of $774.502 million.
    * ​Refinitiv's mean analyst estimate for ITT Inc is for
earnings
of $1.24 per share. The company's EPS guidance on November 3
2022, for the period ended December 31, was about USD1.2508
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for ITT Inc is
$92.5​, above​ its last closing price of $90.55. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  1.17        1.17       1.20      Beat    2.3
 Jun. 30 2022  0.95        0.96       0.98      Beat    1.9
 Mar. 31 2022  0.97        0.97       0.97      Met     0.2​
 Dec. 31 2021  1.05        1.05       1.06      Beat    0.7
 ​​Sep.        0.92        0.93       0.99      Beat    6.9
 30 2021                                                
 Jun. 30 2021  0.90        0.90       0.94      Beat    4.4​
 Mar. 31 2021  0.87        0.87       1.06      Beat    21.9
 Dec. 31 2020  0.93        0.92       1.01      Beat    10.2
 This summary was machine generated February 7 at 14:09 GMT.  All
figures in US dollars  unless otherwise stated