Watts Water Technologies Inc expected to post earnings of $1.53 a share - Earnings Preview

Watts Water Technologies

07/02/2023 24:27

* Watts Water Technologies Inc  WTS.N   WTS  is expected
to show a
rise in quarterly revenue when it reports  results on February
8. 
    * The North Andover Massachusetts-based  company is expected
to
report  a 2.7% increase in revenue to $486.46 million from
$473.9 million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Watts Water
Technologies
Inc is for earnings of $1.53 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 10
"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 $146​, below​ its last closing price
of $168.25. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  1.56        1.55       1.79      Beat    15.4
 Jun. 30 2022  1.63        1.63       2.11      Beat    29.3
 Mar. 31 2022  1.38        1.37       1.63      Beat    18.9​
 Dec. 31 2021  1.33        1.33       1.42      Beat    6.5
 ​​Sep.        1.29        1.29       1.39      Beat    8
 30 2021                                                
 Jun. 30 2021  1.28        1.28       1.48      Beat    15.5​
 Mar. 31 2021  1.01        1.00       1.24      Beat    24.2
 Dec. 31 2020  1.01        1.01       1.15      Beat    13.5
 This summary was machine generated February 7 at 00:27 GMT.  All
figures in US dollars  unless otherwise stated