Xylem Inc reports results for the quarter ended in March - Earnings Summary

Xylem

02/05/2024 13:48

* Xylem Inc  XYL.N  reported quarterly adjusted earnings of
90
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 72
cents.  The mean expectation of fifteen analysts for the quarter
was for earnings of 84 cents per share. Wall Street expected
results to range from 82 cents to 87 cents per share.
    * Revenue rose 40.4% to $2.03 billion from a year ago;
analysts
expected $2.00 billion. 
    * Xylem Inc's reported EPS for the quarter was 63 cents​.
    * The company reported quarterly net income of $153 million.
    * Xylem Inc shares had risen by 1.3% this quarter and
gained 14.5%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Xylem Inc
is
$147.00 

This summary was machine generated from LSEG data May 2 at 12:48
p.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
 Mar. 31 2024      0.84           0.90           Beat
 Dec. 31 2023      0.96           0.99           Beat
 Sep. 30 2023      0.89           0.99           Beat
 Jun. 30 2023      0.80           0.98           Beat