Watts Water Technologies Inc expected to post earnings of $1.28 a share - Earnings Preview

Watts Water Technologies

03/08/2021 03:01

* Watts Water Technologies Inc  WTS.N   WTS  is expected to show
a rise in quarterly revenue when it reports results on August
4. 
* The North Andover, Massachusetts-based company is expected to
report   a 25.6% increase in revenue to $425.482 million from
$338.7 million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Watts Water
Technologies Inc is for earnings of $1.28 per share. For the
same quarter last year, the company reported earnings of 74
cents per share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is no "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months. ​
* Wall Street's median 12-month price target for Watts Water
Technologies Inc is $136​, about 11.2% below​ its last closing
price of $151.18. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  1.01        1.00       1.24      Beat    24.2
 Dec. 31 2020  1.01        1.01       1.15      Beat    13.5
 Sep. 30 2020  0.88        0.87       1.05      Beat    20.1​
 Jun. 30 2020  0.41        0.39       0.74      Beat    89.1
 Mar.          0.84​       0.87       0.95      Beat    9.6​
 31​ 2020​                                              
 Dec. 31 2019  0.98        0.99       1.00      Beat    1.5​
 Sep. 30 2019  1.04        1.03       1.04      Beat    0.7
 Jun. 30 2019  1.10        1.09       1.09      Met     -0.2
 This summary was machine generated August 3 at 02:01 GMT.  All
figures in US dollars unless otherwise stated