Watts Water Technologies Inc expected to post earnings of $2.10 a share - Earnings Preview

Watts Water Technologies

07/05/2024 01:08

* Watts Water Technologies Inc  WTS.N   WTS  is expected
to show a
rise in quarterly revenue when it reports  results on May 8 for
the period ending March 31 2024
    * The North Andover Massachusetts-based  company is expected
to
report a 16.0% increase in revenue to $547.2 million from $471.7
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Watts Water Technologies
Inc
is for earnings of $2.10 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 $210.50​, above​ its last closing price
of $210.19. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.78        1.78       1.97      Beat    10.4
 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.        1.54        1.53       1.60      Beat    4.7
 31 2022                                                
 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
 This summary was machine generated May 7 at 00:08 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)