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

Watts Water Technologies

01/11/2023 23:03

* Watts Water Technologies Inc  WTS.N  reported quarterly
adjusted
earnings of $2.04​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of $1.79.  The mean expectation of
nine analysts for the quarter was for earnings of $1.83 per
share. Wall Street expected results to range from $1.74 
to $1.93 per share.
    * Revenue rose 3.4% to $504.30 million from a year ago;
analysts
expected $497.25 million. 
    * Watts Water Technologies Inc's reported EPS for the
quarter was
$1.96​.
    * The company reported quarterly net income of $65.8
million.
    * Watts Water Technologies Inc shares had risen by 0.1% this
quarter and gained 18.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 1 "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 $189.00 
This summary was machine generated from LSEG data November 1 at
11:03 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.83           2.04           Beat
 Jun. 30 2023      2.04           2.34           Beat
 Mar. 31 2023      1.64           1.92           Beat
 Dec. 31 2022      1.53           1.60           Beat