Zurn Elkay Water Solutions Corp expected to post earnings of 22  cents a share - Earnings Preview

Zurn Elkay Water Solutions

21/07/2023 23:36

* Zurn Elkay Water Solutions Corp  ZWS.N   ZWS  is expected
to show a rise in quarterly revenue when it reports  results on
July 24. 
    * The Milwaukee Wisconsin-based  company is expected to
report  a
38.2% increase in revenue to $392.854 million from $284.2
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. The company's guidance on
April 25 2023, for the period ended June 30, was for revenue
between $385.00 million and $395.00 million.
    * ​Refinitiv's mean analyst estimate for Zurn Elkay Water
Solutions Corp is for earnings of 22 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Zurn Elkay
Water
Solutions Corp is $30​, above​ its last closing price of $27.33.
​​​

The company's guidance on April 25 2023 for the period ended
June 30 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD385 million and USD85 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.15        0.15       0.18      Beat    17.4
 Dec. 31 2023  0.16        0.17       0.16      Missed  -3
 Sep. 30 2022  0.24        0.24       0.26      Beat    6.4​
 Jun. 30 2022  0.29        0.29       0.32      Beat    10.3
 ​​Mar.        0.22        0.22       0.24      Beat    9.1
 31 2022                                                
 Dec. 31 2021  0.11        0.11       0.22      Beat    100​
 Sep. 30 2021  0.23        0.23       0.55      Beat    139.1
 Jun. 30 2021  0.50        0.50       0.58      Beat    16.8
 This summary was machine generated July 21 at 22:36 GMT.  All
figures in US dollars  unless otherwise stated