Zurn Elkay Water Solutions Corp ZWS.N reported quarterly adjusted earnings of 42 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of seven analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 35 cents to 37 cents per share.
Revenue rose 7.9% to $444.50 million from a year ago; analysts expected $425.04 million.
Zurn Elkay Water Solutions Corp's reported EPS for the quarter was 29 cents.
The company reported quarterly net income of $50.5 million.
Zurn Elkay Water Solutions Corp shares had risen by 5.1% this quarter and gained 3.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts was unchanged 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 also "buy"
Wall Street's median 12-month price target for Zurn Elkay Water Solutions Corp is $39.00, about 1.5% above its last closing price of $38.42
This summary was machine generated from LSEG data July 29 at 09:01 p.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)