Recap: Zurn Elkay Water Q4 Earnings
Portfolio Pulse from Benzinga Insights
Zurn Elkay Water (NYSE:ZWS) reported Q4 earnings, beating estimates with an EPS of $0.26 against the expected $0.23, a 13.04% increase. Revenue rose by $16.50 million from the previous year. The company has a history of surpassing EPS estimates, leading to a share price increase of 3.36% the day after last quarter's earnings were announced.
February 06, 2024 | 9:35 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Zurn Elkay Water reported higher than expected Q4 earnings with an EPS of $0.26, surpassing the estimate of $0.23, and saw a revenue increase of $16.50 million from the previous year.
Zurn Elkay Water's Q4 earnings beat and consistent history of surpassing EPS estimates suggest a positive short-term impact on its stock price. The company's ability to exceed expectations and its revenue growth are likely to be viewed favorably by investors, potentially leading to an increase in stock price similar to the 3.36% rise observed after the last quarter's earnings announcement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100