Earnings Preview For ITT
Portfolio Pulse from Benzinga Insights
ITT (NYSE:ITT) is scheduled to release its quarterly earnings report on February 8, 2024, with analysts expecting an EPS of $1.34. The company's past performance shows a trend of beating EPS estimates, which has positively impacted its share price. Shares of ITT have seen a 41.26% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders. Investors will be keenly watching for the earnings outcome and any forward-looking guidance provided by the company.
February 07, 2024 | 2:02 pm
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POSITIVE IMPACT
ITT is expected to report an EPS of $1.34 for the upcoming quarter. Historical data shows a positive trend in beating EPS estimates, which has previously led to an increase in share price. With a 41.26% increase in shares over the last year, investor sentiment is bullish.
ITT's history of beating EPS estimates and the subsequent positive impact on its share price suggest a likely continuation of this trend. The anticipation of positive guidance for the next quarter further strengthens the bullish outlook for ITT's short-term stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100