Preview: Pentair expected to post lower quarterly earnings, revenue

Pentair

23/10/2023 19:02

** U.S.-listed shares of Pentair PLC  PNR.N  rise 1.51% to
$63.15, ahead of quarterly report before market open on Tuesday
    ** Wall Street sees UK-based water tech co reporting EPS of
87 cents per share, down about ~12% yr/yr, on rev of $992.1 mln,
or ~6% below year-ago qtr, according to LSEG data
     ** Co has beaten EPS estimates for last eight quarters 
    ** Ten of eighteen brokerages covering PNR rate the stock
"buy" or higher, seven "hold" and one "sell", as per LSEG data
    ** Wall Street median 12-month price target for Pentair is
$75​, above​ its last closing price of $63.04
    ** As of last close, shares down ~40% this year  

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))