Pentair Q3 Adj. EPS $0.94 Beats $0.87 Estimate, Sales $1.01B Beat $992.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pentair (NYSE:PNR) reported Q3 adjusted earnings of $0.94 per share, beating the analyst consensus estimate of $0.87 by 8.05%. However, this is a 5.05% decrease from the same period last year. The company also reported quarterly sales of $1.01 billion, beating the analyst consensus estimate of $992.09 million by 1.60%, but this is a 4.45% decrease from the same period last year.
October 24, 2023 | 10:56 am
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Pentair's Q3 earnings and sales beat estimates but show a decrease from the same period last year. This mixed result could lead to uncertain market reactions.
Pentair's Q3 results exceeded analyst expectations, which is typically a positive signal for the stock. However, the YoY decrease in both earnings and sales might concern investors, leading to a potentially mixed market reaction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100