Mueller Water Products Q3 Adj $0.18 Misses $0.20 Estimate, Sales $326.60M Miss $351.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mueller Water Products (NYSE:MWA) reported Q3 earnings of $0.18 per share, missing the analyst consensus estimate of $0.20 by 10%. This is a 5.26% decrease from the same period last year. The company also reported quarterly sales of $326.60 million, missing the analyst consensus estimate of $351.73 million by 7.14%. This is a 1.98% decrease from the same period last year.
August 04, 2023 | 2:32 pm
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Mueller Water Products' Q3 earnings and sales missed estimates, indicating a potential negative impact on the stock price.
Mueller Water Products reported lower than expected earnings and sales for Q3. This underperformance is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100