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

ITT

02/11/2023 16:03

* ITT Inc  ITT.N  reported quarterly adjusted earnings of
$1.37​​
per share for the quarter ended in September, higher than the
same quarter last year, when the company reported EPS of $1.20. 
The mean expectation of eleven analysts for the quarter was
for earnings of $1.27 per share. Wall Street expected results to
range from $1.25  to $1.30 per share.
    * Revenue rose 9.1% to $822.10 million from a year ago;
analysts
expected $810.85 million. 
    * ITT Inc's reported EPS for the quarter was $1.34​.
    * The company reported quarterly net income of $110.8
million.
    * ITT Inc shares had fallen by 4.0% this quarter and
gained 15.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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." 
    * Wall Street's median 12-month price target for ITT Inc is
$115.00 

This summary was machine generated from LSEG data November 2 at
04:03 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.27           1.37           Beat
 Jun. 30 2023      1.18           1.33           Beat
 Mar. 31 2023      1.11           1.17           Beat
 Dec. 31 2022      1.24           1.29           Beat