Watts Water Technologies Inc expected to post earnings of $1.78 a share - Earnings Preview

Watts Water Technologies

09/02/2024 22:45

* Watts Water Technologies Inc  WTS.N   WTS  is expected
to show a
rise in quarterly revenue when it reports  results on February
12 for the period ending December 31 2023
    * The North Andover Massachusetts-based  company is expected
to
report a 6.1% increase in revenue to $532.587 million from
$501.9 million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Watts Water Technologies
Inc
is for earnings of $1.78 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 $193.00​, below​ its last closing price
of $215.74. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.83        1.83       2.04      Beat    11.6
 Jun. 30 2023  2.05        2.04       2.34      Beat    14.9
 Mar. 31 2023  1.64        1.64       1.92      Beat    17.3​
 Dec. 31 2022  1.54        1.53       1.60      Beat    4.7
 ​​Sep.        1.56        1.55       1.79      Beat    15.4
 30 2022                                                
 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
 This summary was machine generated February 9 at 22:45 GMT.  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)