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

ITT

01/08/2024 14:32

* ITT Inc  ITT.N  reported quarterly adjusted earnings of
$1.49​​
per share for the quarter ended in June, higher than the same
quarter last year, when the company reported EPS of $1.33.  The
mean expectation of twelve analysts for the quarter was
for earnings of $1.46 per share. Wall Street expected results to
range from $1.43  to $1.51 per share.
    * Revenue rose 8.6% to $905.90 million from a year ago;
analysts
expected $916.55 million. 
    * ITT Inc's reported EPS for the quarter was $1.45​.
    * The company reported quarterly net income of $119.2
million.
    * ITT Inc shares had risen by 9.5% this quarter and
gained 18.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for ITT Inc is
$155.00 
This summary was machine generated from LSEG data August 1 at
01:32 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.46           1.49           Beat
 Mar. 31 2024      1.36           1.42           Beat
 Dec. 31 2023      1.34           1.34           Met
 Sep. 30 2023      1.27           1.37           Beat