Given Zurn Elkay Water's history of exceeding EPS estimates and the subsequent positive impact on its stock price, it is likely that a similar outcome could occur if the company beats the current EPS estimate of $0.23. The historical data shows a clear correlation between earnings performance and stock price movement, suggesting that another beat could lead to further stock appreciation. Additionally, the company's guidance for future growth will be crucial for investor sentiment, potentially providing further uplift to the stock price if the outlook is positive.