Zurn Elkay Water Solutions Corp expected to post earnings of 23 cents a share - Earnings Preview

Zurn Elkay Water Solutions

02/02/2024 23:06

* Zurn Elkay Water Solutions Corp  ZWS.N   ZWS  is expected
to show a rise in quarterly revenue when it reports  results on
February 6 for the period ending December 31 2023
    * The Milwaukee Wisconsin-based  company is expected to
report a
3.0% increase in revenue to $350.448 million from $340.3 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data.The company's guidance on October 31 2023,
for the period ended December 31, was for revenue of $351.000
million.
    * ​LSEG's mean analyst estimate for Zurn Elkay Water
Solutions
Corp is for earnings of 23 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"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 $31.00​, above​ its last closing price
of $30.86. ​​​

The company's guidance on October 31 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD351 million and
USD82.485 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.27        0.27       0.29      Beat    6.3
 Jun. 30 2023  0.22        0.22       0.24      Beat    7.7
 Mar. 31 2023  0.15        0.15       0.18      Beat    17.4​
 Dec. 31 2022  0.16        0.17       0.16      Missed  -3
 ​​Sep.        0.24        0.24       0.26      Beat    6.4
 30 2022                                                
 Jun. 30 2022  0.29        0.29       0.32      Beat    10.3​
 Mar. 31 2022  0.22        0.22       0.24      Beat    9.1
 Dec. 31 2021  0.11        0.11       0.22      Beat    100
 This summary was machine generated February 2 at 23:06 GMT.  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)