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

Zurn Elkay Water Solutions

31/10/2023 21:47

* Zurn Elkay Water Solutions Corp  ZWS.N  reported quarterly
adjusted earnings of 29 cents​​ per share for the quarter ended
in September, higher than the same quarter last year, when the
company reported EPS of 26 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 27 cents per
share. Wall Street expected results to range from 27 cents to 28
cents per share.
    * Revenue fell 4.6% to $398.40 million from a year ago;
analysts
expected $396.37 million. 
    * Zurn Elkay Water Solutions Corp's reported EPS for the
quarter
was 24 cents​.
    * The company reported quarterly net income of $41.4
million.
    * Zurn Elkay Water Solutions Corp shares had fallen by 7.0%
this
quarter and gained 23.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
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 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is also "buy"

Wall Street's median 12-month price target for Zurn Elkay Water
Solutions Corp is $31.00 
This summary was machine generated from LSEG data October 31 at
09:47 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.27           0.29           Beat
 Jun. 30 2023      0.22           0.24           Beat
 Mar. 31 2023      0.15           0.18           Beat
 Dec. 31 2022      0.17           0.16           Missed