ITT Inc reports results for the quarter ended in June - Earnings Summary

ITT

03/08/2023 14:33

* ITT Inc  ITT.N  reported quarterly adjusted earnings of
$1.33​​
per share for the quarter ended in June. The mean expectation of
eleven analysts for the quarter was for earnings of $1.18 per
share.
    * Revenue rose 13.7% to $833.90 million from a year ago;
analysts
expected $795.90 million. 
    * ITT Inc's reported EPS for the quarter was $1.31​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * ITT Inc shares had risen by 5.4% this quarter and
gained 21.2%
so far this year.
    * The company reported quarterly net income of $108.2
million.
    * Wall Street's median 12-month price target for ITT Inc is
$105.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.18           1.33           Beat
 Mar. 31 2023      1.11           1.17           Beat
 Dec. 31 2022      1.24           1.29           Beat
 Sep. 30 2022      1.17           1.20           Beat