Zurn Elkay Water Q2 Adj EPS $0.24 Beats $0.22 Estimate, Sales $403.20M Beat $392.85M Estimate
Portfolio Pulse from vinayak@benzinga.com
Zurn Elkay Water (NYSE:ZWS) reported Q2 earnings of $0.24 per share, beating the analyst consensus estimate of $0.22 by 9.09%. However, this is a 25% decrease from the same period last year. The company also reported quarterly sales of $403.20 million, beating the estimate of $392.85 million by 2.63%, and marking a 41.87% increase from last year.
July 24, 2023 | 8:24 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Zurn Elkay Water's Q2 earnings and sales beat estimates, but earnings are down 25% from last year. Sales are up 41.87% from last year.
Zurn Elkay Water's earnings beat estimates, which is positive for the stock. However, the 25% decrease in earnings from last year could be a concern for investors. The significant increase in sales could offset this concern to some extent, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100