Watts Water Technologies Inc reports results for the quarter ended in March - Earnings Summary

Watts Water Technologies

04/05/2023 01:01

* Watts Water Technologies Inc  WTS.N  reported quarterly
adjusted
earnings of $1.92​​ per share for the quarter ended in March.
The mean expectation of nine analysts for the quarter was
for earnings of $1.64 per share.
    * Revenue rose 1.8% to $471.70 million from a year ago;
analysts
expected $473.30 million. 
    * Watts Water Technologies Inc's reported EPS for the
quarter was
$1.93​.
    * The mean earnings estimate of analysts had risen by
about 6.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Watts Water Technologies Inc shares had fallen by 3.5%
this
quarter and gained 11.1% so far this year.
    * The company reported quarterly net income of $64.7
million.
    * Wall Street's median 12-month price target for Watts Water
Technologies Inc is $174.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 12:01 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.64           1.92           Beat
 Dec. 31 2022      1.53           1.60           Beat
 Sep. 30 2022      1.55           1.79           Beat
 Jun. 30 2022      1.63           2.11           Beat