Mueller Water Products Q4 Adj $0.19 Beats $0.10 Estimate, Sales $301.40M Beat $272.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mueller Water Products (NYSE:MWA) reported Q4 adjusted earnings of $0.19 per share, surpassing the $0.10 estimate by 90%, and sales of $301.40M, exceeding the $272.74M estimate by 10.51%. However, sales decreased by 9.05% compared to the same period last year.
December 13, 2023 | 9:15 pm
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POSITIVE IMPACT
Mueller Water Products reported strong Q4 earnings and revenue, beating analyst estimates on both fronts, which could positively impact the stock price in the short term.
The significant beat on both earnings per share and sales estimates is a strong positive signal to investors, often leading to a bullish sentiment in the short term. Despite the year-over-year decrease in sales, the earnings beat is likely to be the focal point for investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100