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

ITT

04/05/2023 14:33

* ITT Inc  ITT.N  reported quarterly adjusted earnings of
$1.17​​
per share for the quarter ended in March. The mean expectation
of eleven analysts for the quarter was for earnings of $1.11 per
share.
    * Revenue rose 9.9% to $797.90 million from a year ago;
analysts
expected $777.80 million. 
    * ITT Inc's reported EPS for the quarter was $1.20​.
    * The mean earnings estimate of analysts had fallen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * ITT Inc shares had fallen by 3.4% this quarter and
gained 2.8%
so far this year.
    * The company reported quarterly net income of $100 million.
    * Wall Street's median 12-month price target for ITT Inc is
$100.00 
    * 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 May
4 at 01:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.11           1.17           Beat
 Dec. 31 2022      1.24           1.29           Beat
 Sep. 30 2022      1.17           1.20           Beat
 Jun. 30 2022      0.96           0.98           Beat