Xylem Inc reports results for the quarter ended in September 30 - Earnings Summary

Xylem

01/11/2024 03:13

* Xylem Inc  XYL.N  reported quarterly adjusted earnings of
$1.11​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 99 cents.  The mean expectation of seventeen analysts for the
quarter was for earnings of $1.11 per share. Wall Street
expected results to range from $1.09  to $1.13 per share.
    * Revenue rose 1.3% to $2.10 billion from a year ago;
analysts
expected $2.17 billion. 
    * Xylem Inc's reported EPS for the quarter was 89 cents​.
    * The company reported quarterly net income of $217 million.
    * Xylem Inc shares had fallen by 3.6% this quarter and
gained 13.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
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 "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Xylem Inc is
154.00 
This summary was machine generated from LSEG data November 1 at
03:12 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      1.11           1.11           Met
 Jun. 30 2024      1.05           1.09           Beat
 Mar. 31 2024      0.84           0.90           Beat
 Dec. 31 2023      0.96           0.99           Beat