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

Zurn Elkay Water Solutions

31/07/2024 01:41

* Zurn Elkay Water Solutions Corp  ZWS.N  reported quarterly
adjusted earnings of 33 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 24 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 31 cents per
share. Wall Street expected results to range from 31 cents to 32
cents per share.
    * Revenue rose 2.2% to $412.00 million from a year ago;
analysts
expected $409.09 million. 
    * Zurn Elkay Water Solutions Corp's reported EPS for the
quarter
was 27 cents​.
    * The company reported quarterly net income of $46 million.
    * Zurn Elkay Water Solutions Corp shares had risen by 9.6%
this
quarter and gained 9.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is  "hold."

Wall Street's median 12-month price target for Zurn Elkay Water
Solutions Corp is $35.00 
This summary was machine generated from LSEG data July 31 at
12:41 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
 Jun. 30 2024      0.31           0.33           Beat
 Mar. 31 2024      0.26           0.29           Beat
 Sep. 30 2023      0.23           0.26           Beat
 Sep. 30 2023      0.27           0.29           Beat