Watts Water Technologies Inc reports results for the quarter ended in September 30 - Earnings Summary

Watts Water Technologies

31/10/2024 02:58

* Watts Water Technologies Inc  WTS.N  reported quarterly
adjusted
earnings of $2.03​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of $2.04.  The mean expectation of nine analysts
for the quarter was for earnings of $1.99 per share. Wall Street
expected results to range from $1.89  to $2.07 per share.
    * Revenue rose 7.8% to $543.60 million from a year ago;
analysts
expected $542.15 million. 
    * Watts Water Technologies Inc's reported EPS for the
quarter was
$2.06​.
    * The company reported quarterly net income of $69.1
million.
    * Watts Water Technologies Inc shares had fallen by 4.6%
this
quarter and lost 5.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the industrial
machinery & equipment peer group is also "hold"

Wall Street's median 12-month price target for Watts Water
Technologies Inc is $198.50 
This summary was machine generated from LSEG data October 31 at
02:58 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.99           2.03           Beat
 Jun. 30 2024      2.33           2.46           Beat
 Mar. 31 2024      2.10           2.33           Beat
 Dec. 31 2023      1.78           1.97           Beat