Zurn Elkay Water Solutions Corp reports results for the quarter ended in June - Earnings Summary

Zurn Elkay Water Solutions

24/07/2023 22:01

* Zurn Elkay Water Solutions Corp  ZWS.N  reported quarterly
adjusted earnings of 24 cents​​ per share for the quarter ended
in June. The mean expectation of seven analysts for the quarter
was for earnings of 22 cents per share.
    * Revenue rose 41.9% to $403.20 million from a year ago;
analysts
expected $392.85 million. 
    * Zurn Elkay Water Solutions Corp's reported EPS for the
quarter
was 20 cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Zurn Elkay Water Solutions Corp shares had risen by 1.6%
this
quarter and gained 29.2% so far this year.
    * The company reported quarterly net income of $34.6
million.
    * Wall Street's median 12-month price target for Zurn Elkay
Water
Solutions Corp is $30.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
24 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.22           0.24           Beat
 Mar. 31 2023      0.15           0.18           Beat
 Dec. 31 2022      0.17           0.16           Missed
 Sep. 30 2022      0.24           0.26           Beat