Pentair Q4 Adj. EPS $0.87 Beats $0.86 Estimate, Sales $984.60M Beat $976.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pentair (NYSE:PNR) reported Q4 adjusted earnings of $0.87 per share, surpassing the consensus estimate of $0.86, marking a 6.1% increase from the previous year. Quarterly sales reached $984.60 billion, significantly beating estimates of $976.03 million and showing a substantial increase from $1.00 billion in the same period last year.
January 30, 2024 | 11:57 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Pentair's Q4 earnings and sales significantly exceeded analyst expectations, with a notable year-over-year growth in both metrics.
Pentair's strong earnings report, which beat both earnings per share and sales estimates, is likely to instill confidence in investors and could lead to a short-term increase in stock price. The substantial growth in sales suggests a robust performance that exceeds market expectations, which is typically rewarded by investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100