ITT Inc reports results for the quarter ended in September 30 - Earnings Summary

ITT

29/10/2024 14:19

* ITT Inc  ITT.N  reported quarterly adjusted earnings of
$1.46​​
per share for the quarter ended September 30, higher than the
same quarter last year, when the company reported EPS of $1.37. 
The mean expectation of twelve analysts for the quarter was
for earnings of $1.44 per share. Wall Street expected results to
range from $1.41  to $1.47 per share.
    * Revenue rose 7.7% to $885.20 million from a year ago;
analysts
expected $884.49 million. 
    * ITT Inc's reported EPS for the quarter was $1.96​.
    * The company reported quarterly net income of $161.3
million.
    * ITT Inc shares had fallen by 3.3% this quarter and
gained 21.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 2
"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
$164.00 
This summary was machine generated from LSEG data October 29 at
02:18 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
 Jan. 1 0001       1.44           1.46           Beat
 Jun. 30 2024      1.46           1.49           Beat
 Mar. 31 2024      1.36           1.42           Beat
 Dec. 31 2023      1.34           1.34           Met