Watts Water Technologies Q2 Adj EPS $2.34 Beats $2.05 Estimate, Sales $532.80M Beat $529.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Watts Water Technologies reported Q2 adjusted earnings of $2.34 per share, beating the analyst consensus estimate of $2.05 by 14.15%. The company also reported quarterly sales of $532.80 million, surpassing the analyst consensus estimate of $529.93 million by 0.54%. Both earnings and sales have increased compared to the same period last year.
August 04, 2023 | 12:13 pm
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POSITIVE IMPACT
Watts Water Technologies reported better than expected Q2 earnings and sales, which could positively impact its stock price.
Watts Water Technologies has reported a beat on both earnings and sales estimates for Q2. This is generally seen as a positive signal by the market and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100