Mueller Water Products Inc reports results for the quarter ended in September - Earnings Summary

Mueller Water Products

13/12/2023 22:34

* Mueller Water Products Inc  MWA.N  reported quarterly
adjusted
earnings of 19 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 10 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 14 cents per
share. Wall Street expected results to range from 8 cents to 20
cents per share.
    * Revenue fell 9.1% to $301.40 million from a year ago;
analysts
expected $284.73 million. 
    * Mueller Water Products Inc's reported EPS for the quarter
was 11
cents​.
    * The company reported quarterly net income of $17.2
million.
    * Mueller Water Products Inc shares had risen by 8.4% this
quarter and gained 27.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 40.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Mueller
Water
Products Inc is $14.50 

This summary was machine generated from LSEG data December 13 at
10:33 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
 Sep. 30 2023      0.14           0.19           Beat
 Jun. 30 2023      0.20           0.18           Missed
 Mar. 31 2023      0.15           0.14           Missed
 Dec. 31 2022      0.08           0.13           Beat