Watts Water Technologies Inc expected to post earnings of $2.33 a share - Earnings Preview

Watts Water Technologies

06/08/2024 03:05

* Watts Water Technologies Inc  WTS.N   WTS  is expected
to show a
rise in quarterly revenue when it reports  results on August 7
for the period ending June 30 2024
    * The North Andover Massachusetts-based  company is expected
to
report a 10.7% increase in revenue to $589.577 million from
$532.8 million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on May 9
2024, for the period ended June 30, was for revenue between
$570.10 million and $596.74 million.
    * ​LSEG's mean analyst estimate for Watts Water Technologies
Inc
is for earnings of $2.33 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 $211.00​, above​ its last closing price
of $193.98. ​​​

The company's guidance on May 9 2024 for the period ended June
30 was for Earnings before Interest and Taxes between
USD100.3369 million and USD108.60595 million.The company's
guidance on May 9 2024 for the period ended June 30 was for
Earnings before Interest, Taxes, Depreciation and Amortization
of between USD570.096 million and USD122.92762 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  2.10        2.10       2.33      Beat    10.8
 Dec. 31 2024  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.        1.64        1.64       1.92      Beat    17.3
 31 2023                                                
 Dec. 31 2022  1.54        1.53       1.60      Beat    4.7​
 Sep. 30 2022  1.56        1.55       1.79      Beat    15.4
 Jun. 30 2022  1.63        1.63       2.11      Beat    29.3
 This summary was machine generated August 6 at 02:05 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)