ITT Inc expected to post earnings of $1.36 a share - Earnings Preview

ITT

30/04/2024 18:20

* ITT Inc  ITT.N   ITT  is expected to show a rise in
quarterly
revenue when it reports  results on May 2 for the period ending
March 31 2024
    * The Stamford Connecticut-based  company is expected to
report a
10.7% increase in revenue to $883.205 million from $797.9
million a year ago, according to the mean estimate from 11
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for ITT Inc is for earnings
of
$1.36 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 1
"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
$147.00​, above​ its last closing price of $132.58. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.34        1.34       1.34      Met     0.2
 Sep. 30 2023  1.28        1.27       1.37      Beat    7.5
 Jun. 30 2023  1.18        1.18       1.33      Beat    13​
 Mar. 31 2023  1.11        1.11       1.17      Beat    5.1
 ​​Dec.        1.24        1.24       1.29      Beat    4.1
 31 2022                                                
 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
 This summary was machine generated April 30 at 17:20 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)